Daily Forecast – Share Market – June 30th, 2020

Nifty looking Positive May look for 10400 or so | Enjoy coming period

Rahu with Sun is leading the day, well supported by Mars, Saturn (Rx), Moon and Ketu. Global indications may remain better than the previous working day, resulting Indian market may show gains from lower levels. Rahu is strongly active, which may give sudden spike. Jupiter has moved back in own sign Sagittarius, in the axis of Rahu and Ketu. So, issues related to global issues can be seen in coming days. India must be watchful for other water borne health related issues in coming period.

Market may show some positive moves. Crude may be maintaining its levels. Coming period may show some betterment in transport and travels related segments. But not in hotel industry. Many states may be tough in coming their states due to uncontrollable COVID situation.

Many segments may show movements. As, it was mentioned in my previous day’s post, “Buying opportunity at lower levels”. We may see results of the same on date. Enjoy the trading.

But it will be better to keep a watch on FIIs. Nifty may look for +75 levels or so. Since, Rahu is strongly active today, so suddenness or sharp rise or sharp sudden changes are possible. Nifty may show movements for around 100 points or so.

Keep a watch on leaf-based segments, solvents, chemicals, alcohol, non-traditional segments, power, infrastructure, automobile ancillary, batteries, and many more linked segments, synthetic based products etc. I would like to be bit watchful for banking segments but look for opportunities at lower levels (only with good banks). Engineering, electrical, defence, aviation etc.

Enjoy the trade. Strict stop-loss important.

Indian Currency

Indian Rupee may trade in between 75.20 to 75.90 per USD.

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