Nifty Prediction : Currency uncomfortable | Geo-political IMP. | Pressure possible
Daily Forecast – Share Market – June 18th, 2020
Currency uncomfortable | Geo-political IMP. | Pressure possible
Sun with Mars and Jupiter is leading the day, well supported by Ketu and Moon. Currency may remain weak, impact of foreign cues, and COVID 19, can be seen during the day. Mood may be influenced with our neighbouring evens and geo-political situation etc.
Our neighbouring situation is not comfortable. In future it may further be escalated. Other neighbouring nations must be careful from our one neighbour, because of their mysterious activities in the region. We should also be watchful their Mandarin methods. They are also facing now or once again Corona issues.
Solar eclipse is ahead on Sunday. I would like to be watchful for the long trade due to this astrological and astronomical event. This may give impact on finance and banks etc.
Possibility for the day may be bit pressure on the upper levels. Or Opening may be bit dull.
Now, time has come, when local manufacturers should focus on R&D of telecom, electronic products, LED, solar panels, automobile tyres (to check or compete with the cost to dealer from China).
For finances of the nation, we may need strong horoscope of Finance Minister or better to say in crude terms – better finance minister will be required after these events – eclipse and post COVID.
Issues for common man may further increase in the coming period. Which may further create problem for the consumption of produced goods. If we want to challenge Chinese goods – what to do with LED, mobile, electronic chips, furniture and many more goods (available at throw away prices), importantly raw materials for many medicines.
Approach should be consumer friendly, whereas we have different type of approach. Practically Bechu (selling) type of policy we are adopting.
Anyways, market is bit dull, and ups and downs will not be surprising or better to say some pressure. Trade wisely. Period for infrastructure, communication, entertainment, logistics, power, petroleum, insurance, chemicals, acids and pharmaceuticals etc.
Keep a watch on Dairy products, leaf-based and many more may remain active.
Indian Rupee may trade in between 76.10 to 76.90 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