Nifty Prediction : Allow market to settle down | Nifty range – (+/-) 100 | Volatility possible
Daily Forecast – Share Market – June 3rd, 2021
Allow market to settle down | Nifty range – (+/-) 100 | Volatility possible
Moon with Mars and Jupiter is leading the day, well supported by Saturn and Rahu. Lord of Banks and share market is a falling planet, which may not be in a position to give support to own house and significance. Whereas other planets may play own role, which can give different direction and support to the market. Keep a close watch on foreign cues. Entire horoscope is active, which means chances of mid-caps and small caps may also look interesting.
Indications from foreign cues and direction may give support to the local market along with the results of various companies. This may give upside movements. Nifty may play within the range of (+/-) range of 100 points of Nifty. Positive moves are quite possible, but impact of weekly expiry cannot be ignored.
Previous working day, as it was mentioned in the post to buy on dip for short term. Market had recovered from the lower levels. Today, according to the lord of the share market, it should be within range because other issues may give support to the market, including foreign cues.
It will be better to look Volatility, because of few waves types of planets are active, but in the second half, situation may try to change. It will be better to allow the market to settle down, in case of gap-up, avoid jumping in the market immediately. Let the foams settle down, and then move in for the trade.
Many segments are active, or better to say all the segments are/will active during the day. Which may give opportunities to buy at lower levels.
IT, logistics, petroleum related, banks at better levels, power, non-traditional, automobile for logistics and agriculture or rural areas will be better. Chemicals, spirit, healthcare instruments, electronics and electrical, pathological laboratories, defence, space, automobile tyres, infrastructure, fertilizer, Pharmaceuticals and many more may remain active.
Keep watch on banks, financial institutions, insurance, FMCG and many more.
I believe that due to some planets, economy may be influenced with rural areas, practical reason is – urban areas are badly affected due to COVID (Jobs and economy/and extra payment for home delivery services), no financial support as is provided to all except the so called HONEST TAX payers.
Nifty may trade within range of 100 points on both the sides. Volatility possible.
Indian Rupee may trade in between 72.80 to 73.60 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