Nifty Prediction : Nifty looking for upper levels | Buy on dip for short period (if dips)
Daily Forecast – Share Market – June 1st, 2021
Nifty looking for upper levels | Buy on dip for short period (if dips)
Mars with Moon is leading the day, well supported by Rahu, Jupiter and Saturn Retrograde. All most all the planets are active, directly or indirectly. Indicating that market may have movements in maximum areas. Possibly, market may further move ahead with another 100 points in Nifty or so.
Foreign cues may be doing better, Covid response – positive cases are decreasing, but still, situation is not decent, but in comparison to previous period bit satisfactory. Many local markets are coming out of Lockdown, hoping for total unlock shortly in coming fortnight. After 20-06-2021, we may see further changes (betterment – Jupiter will start transiting retrograde)
Impact of unemployment is already estimated by the government; hence, government has announced withdrawal from PF, due to COVID issues. This may help consumption but will make unemployed personnel financially weak (their financial strength/confidence for future). Impact can be seen in coming months.
Is share market justifying economical situation of common man of the nations? This is debatable, but point is many people have lost their jobs or even after working properly facing pay cut, many employers are enjoying undue advantage (even in case of work from home) from their salaried employees.
Crude is indicating global movement is ready to start (it seems), after vaccination in number of countries. Hopefully, India will also be in this vaccinated zone after 2021.
Moon has decent relationship with Sun, conjunction of Jupiter and Ketu. Keep a watch on FIIs, other financial institutions also.
IT, logistics and related segments, automobile ancillary, automobile, automobile tyres (HCV/LCV manufacturers especially), pathology laboratories, paints, cement, chemicals, agriculture, non-traditional, spirit, alcohol, defence related segments (lord of defence, foreign lands will be moving in Neech rashi tomorrow, activating neighbouring areas, space, air related manufacturer (government units), shipping and many more like insurance, health care and lot more may remain active for the period.
In dip, buy can be suitable for short term. Nifty may look for 15650 or so.
Indian Rupee may trade in between 72.20 to 73.00 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