Daily Forecast – Share Market – June 4th, 2021

Profit bookings at Upper levels Possible | Market may prepare for 15800

Moon with Rahu + Saturn is leading the day, well supported by Jupiter and Mars. Except Venus all the planets are active, that but house wise entire horoscope is active. Foreign cues are again important for the day, whereas lord of share market and banks is now a fallen planet, so support from the planet is not possible to its houses and signified areas.

Preparation for 15800 of Nifty levels can be seen even if market shows some profit bookings. Call for 15800 may show action.

Foreign cues may also be bit low or not much positive, which may give consolidation or profit booking on upper levels. Keep a watch on announcements from government agencies, I believe that this may not be much effective on the session.

Session will be affected with many segments, issues among political parties, their alliances and many other concern points can be seen in coming period. It is difficult to say that if this will be affecting the market. Reason is that all the parties are concerned with the next elections of 2022. They intent to prepare for elections, but not worried for the employment of middle class, lower middle class and many more, who are HONEST TAX payers.

It will be better to keep a watch on IT, banks, financial institutions, infrastructure, agriculture, automobile, automobile tyres (LCV/HCV and agriculture tyres mainly). Chemicals, insurance, laboratories, defence, electricals and electronics, certain Hotels, transport, dairy, leaf-based, coffee and many more segments may show action.

Market may look for positive emotions, because of unlocking in many areas, holding levels of COVID cases, neither reduced nor increased.

Look for Opportunities at lower levels/better levels.

Indian Currency

Indian Rupee may trade in between 72.60 to 73.40 per USD.

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