Nifty Prediction : Index and Market may remain Positive | Enjoy the day
Daily Forecast – Share Market – June 16th, 2020
Index and Market may remain Positive | Enjoy the day
Ketu, Sun, Mars, and Jupiter are controlling the day with support of Moon. Indications from planetary movements and combinations are decent for the day. Jupiter and Moon are forming decent relation although Jupiter is falling in previous sign but may give better moves for the day. Ketu is influential. Laboratories, products based on Petroleum like Polyester, or likewise products may be interesting during the day.
Virus is a threat, according to the horoscope of China, return of Corona may give some impact, but will it be as strong now as it is globally, I feel it is bit doubtful. Keep a watch on FIIs and DIIs. Global cues may be better.
Hopeful for certain global market, their respective governments may be trying to pump financial support before 21-06-2020. News based market is possible. Results of various companies may be clearly indicating results based on prior to Lockdown, only 10 days of Lockdown period is covered. So, this will indicate proper strength of the company and economy of nation.
Impact of Unemployment, no opportunities for above 5 or 8 years of experience. Globally, IT companies are prepared for work from home. Automobile tyres and automobile companies will reflect true story of economy in previous period; because this sector is real indicator of movement, reflects health of economy (+/-).
This week may be doing bit better. Index may be doing better. Ketu will certainly help to give a rise in the levels of Index, there is no Rahu.
Keep watch on automobile, automobile tyres, batteries and ancillary along with IT, communication, entertainment, technical segment/instruments of communication and entertainment. Indications are for dairy products, leaf based, insurance, research and laboratory, insects, germs and virus related segments or Pharmaceuticals may be doing better. Keep a watch on health care sector and instruments manufacturer of health care.
Enjoy the day.
Indian Rupee may trade in between 75.50 to 76.20 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market