Nifty Prediction : Nifty may show some Profit bookings | Look for opportunities on either side
Daily Forecast – Share Market – June 21st, 2021
Nifty may show some Profit bookings | Look for opportunities on either side
Moon with Saturn (Rx) + Rahu is leading the day, well supported by Mars and Jupiter (Rx). Majority of the planets are active, impact of transit changes of planets can/is possible/seen. As it was mentioned in my post of May 31st, 2021 (@ https://anoopastrosutra.com/2021/05/31/nifty-prediction-market-may-31st-2021/), that market may touch 14435.25 within 20 days, Nifty on 18-06-2021, touched 14459.25, and returned back to the closer values of closing values of 17-06-2021. This was because of retrograde Mercury, and indications that market may once again try to move forward in coming period. Remember, still till tomorrow, market may try to look for the lower values, can again try for 15435.25. Jupiter has also started moving retrograde, so trend in COVID movements can be seen in clearly.
Government may try for aggressive vaccine drive till September 14th, 2021, or I can say that government may try to cover maximum number of Indians for vaccine process.
I believe that some pressure or profit bookings on upper levels. Levels of 15435.25 is still open at least till tomorrow’s closing (just a chance)
Currency may hold levels; crude is also close to rise. But chances of different moves of Crude in coming period may not be surprising. Possibly inclination for virtual currency may increase slowly and gradually.
Areas like Tea, coffee, rubber, tobacco, leaf based, dairy, communication, IT, web based, banks to look for opportunities, defence related (long term), automobile including agriculture linked sectors, fertilizer, paper, leather, textiles, engineering, metals, chemicals, and many more segments including non-traditional, alcohol based, sugar, and many more areas may give opportunities in coming period.
Nifty may show some tricky position. Impact of Inflation may come to the market (if it comes will be a natural process – will be better for the coming months).
Indian Rupee may trade in between 73.80 to 74.60 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