Nifty Prediction : Index may show Profit bookings | Opportunities at lower levels

Daily Forecast – Share Market – June 23rd, 2020

Index may show Profit bookings | Opportunities at lower levels

Sun, Rahu with Jupiter (Rx) and close to falling back in Sagittarius sign are leading the day with support of Moon, Ketu, Mars and Saturn. Four retrograde planets are active. Planets wise, market is not giving decent indication. Policies or news from foreign nations may be another cause of concern in the market.

Keep a watch on global cues, market may show dip on upper levels. Indications may not be much supportive.

Global impact of unemployment can be cause of concern in coming days. Country’s may look forward to protecting jobs of their own nationals, which may cause concern in various nations. COVID19 is still cause of concern. Planets are not giving decent indications.

It will be better to book profit if getting reasonable profits, and after that buy at lower levels. That means better to wait and watch reason is four planets are retrograde and all are active, means may give sudden changes or unpredictable situation. Index may show some sudden movements. It will be better to book profits time to time and buy at better prices.

Global cues may be important.

Keep a watch on IT sector, with, leather, Pharmaceuticals, sugar, agriculture, Textiles, engineering, electricals, insurance (in coming period), automobile, automobile tyres, power, infrastructure, leaf-based, and many more segments may be showing movements.

Pressure possible but point of concern will be – breach of levels or no breach of levels.

Indian Currency

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.

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