Daily Forecast – Share Market – June 14th, 2021

Opportunities at lower levels Possible | Nifty Range of 15650-16000

Moon, Mars with Saturn are leading the day, well supported by Rahu, Jupiter and Mercury. Square of Saturn and Mars are indicating Go-political activities may come to action in coming days. Activities in neighbouring areas may increase. Directly or indirectly, these activities may influence us in coming period. Lord of the share market has come out of the shadow of Sun. Even then Profit booking or consolidation from upper levels is quite possible.

Moon is forming good relationship with Saturn and Mars. Planetary positions are indicating that Nifty may be preparing for next levels shortly. That means, on dips, we may see opportunities to buy for better positions. Monsoon is also indicating healthy signs, that means according to the weather forecast – Monsoon is supposed to be near normal.

Mid-cap equities may be giving good growth in coming period. Only point is to enter in qualitative company instead of quantitative.

I may look for opportunities in automobile – related to rural areas, agriculture related, fertilizers, paper, leather, metal, defence, power, infrastructure, health-care, Pharmaceuticals, IT, IT based segments, communication, defence, alcohol, non-traditional, foreign cues ay be interesting, products related to health care, sugar, edible products, FMCG and many more segments may remain active, despite some consolidation/Profit bookings on upper levels.

Keep a watch on news from Government and Judiciary. Remember slowly and gradually unlock process is started, hence business activities may be picking up. Which may help market to plan for the Nifty levels of 16000 in coming period.

Nifty may be lazy, look for opportunities.

Indian Currency

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.