Nifty Prediction : Buy on Dips | Range bound trade possible
Daily Forecast – Share Market – June 29th, 2020
Buy on Dips | Range bound trade possible
Rahu, Sun, and Mars are leading the day with Ketu, Moon and Saturn (Rx). One of the important planet Jupiter is on the corner of moving back to Sagittarius sign. Health related and other issues related border/geo-political situation may be important for the day. Lord of Banks and financial institution + share market, Mercury is within one Navmansha distance from Sun, indicating possibility of some pressure on banks and share market.
Ups and downs are possible. Profit booking on the upper levels possible. Health issues are again key globally along with indications for consumptions.
Keep a watchful trading stop-loss.
Virus in India is also giving tough time, many parts of nation are heading or giving indications to impose lockdown once again. This may give negative impact on the market. Market may give indications for Range bound trading but may give opportunities at lower levels. Keep a proper watch.
Nifty may show range of (-) 150 points and (+) 100 points from lower levels. This gives indications for buy on dips.
Many segments may remain active related to petroleum products like plastics, automobile tyres, synthetic rubber and synthetic products. Textiles related synthetics, alcohol, spirit, metals and many more remain active with dairy products, leaf-based segments etc. Power and infrastructure with automobile ancillary will be better at lower levels.
Buy on dips (check your levels) may be better.
Indian Rupee may trade in between 75.30 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