Daily Forecast – Share Market – June 17th, 2020

Mix day possible | Geo-political & other positions Important

Mars, Sun, and Jupiter are leading the day with support of Moon, Ketu and Venus. Lord of share market and banks has started slowing down its speed because is on the curve for us, so chances of slowing down or mix day for business in the share market will not be surprise. Geo-political situation and concerns will be another point of concern.

Neighbouring areas are active, which may remain till June end or may further continue after some time also. Situation may remain trouble some because of three points.

Keep a watch, total solar eclipse is ahead on Sunday. Which may be influencing house of banks, finances, and lord of share market also. So, it will be better to be watchful accordingly after or around this eclipse.

INR may also remain under pressure.

Active areas may be Petroleum, gold-based products, Pharmaceuticals, IT, communication instruments, FMCG and many more segments may be showing movements. Market may now realise basic facts of the business and economy of the nation. So, I will not prefer to go for long term for a while. Automobile batteries, ancillary etc. may be showing movements.

Are we heading for confrontation with neighbouring nations? I feel chances are strong planetary position wise. So, it may also give impact on the market in coming months.

Mix day possible. Geo-political and geo-power position will be important. If required, then book profit for short period. Tuff period for traders. Casual traders must protect their funds (Important)

Indian Currency

Indian Rupee may trade in between 75.70 to 76.60 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.