Nifty Prediction : Index may look for upper levels | Wait and Move at Opening
Daily Forecast – Share Market – June 24th, 2020
Index may look for upper levels | Wait and Move at Opening
Rahu, Saturn, and Sun are leading the day, with support of Ketu, Mars, Moon and Mercury. Mood and emotion of the market is to give movements on any side. Rahu is strong. Virus related issues are on its high. Global politics and trades are bit tricky. Neighbouring boarders are active, transit of Saturn and Mahadasha lord Moon have activated India’s boarders. Jupiter is falling back to its own sign and house. That may be giving importance to banks after month end or might have started giving strength to banks and financial institutions or may for ministry of finance to take some more steps in the next month.
Now, Market may indicate to break upper levels in coming period, for a day or two market may be under pressure but may look positive. Foreign cues are normal and better. Look for opportunity after waiting for some time (opening of market).
Results based impact can be seen and impact of some news or announcement from Government, which may help local companies. I would not like to give advantage of Lockdown to companies in their results, because lockdown was from 21-03-2020 (only 10 days). Results are based on their previous and actual working.
Alcohol, spirit, and wines etc. related segments may remain highly active. Leather, Pharmaceuticals, Textiles, Automobile tyres, automobile ancillary, infrastructure, power, shipping, banks and financial institutions, acids, chemicals, carbon black, rubber, leaf-based segments etc.
Today Index may show some trimming on upper levels, but emotions are decent. Wait for a while, before going for a trade. I am positive for coming days.
Indian Rupee may trade in between 75.20 to 76.00 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