Daily Forecast – Share Market – June 16th, 2021

Mixed day | Volatility not surprising | Avail opportunities

Mars with Moon is leading the day, well supported by Saturn (Rx), Mercury (Rx), Ketu, Rahu and Jupiter. Foreign cues may play some important role or FIIs may be key factor for the day, along with local factors. Indications are clear that market is in the mood of preparing its base. Possibly, some dip or profit bookings are possible.

Go-political situation or aggression in the globe can be seen in coming period. Exchange of Mars and Saturn during this Pandemic is not very nice, although for India, boarder or neighbouring areas are influenced by this exchange. This is also a fact that Saturn is retrograde, so chances of aggression may remain under control.

Look for opportunities at lower levels. If any middle class person is involving in this trading, it will be better to start with investment, learn the tricks of the trade, before losing money. Investment in equities can always give advantages (subject to good companies). If market goes for a dip, one can add and improve pricing.

Rahu-Ketu may increase chances of volatility for the day. That means, it will be better to look for Opportunities at lower levels or decent levels. Nifty is formalizing base for 16000, in coming period.

Areas like banks, sugar, alcohol, Pharmaceuticals, health-care, automobile, infrastructure, automobile ancillary, automobile tyres, logistics, IT, communication, dairy based, rubber, tea, tobacco, coffee, shipping, sea related, crude, edible, water storage, metals, financial institutes, and many more like textiles, fertilizer/agriculture based, paper, leather etc. may remain active along with many more.

Nifty may be in the range of 15775 to 15925.

Indian Currency

Indian Rupee may trade in between 72.70 to 73.50 per USD.

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