Daily Forecast – Share Market – June 23rd, 2021

Nifty may remain in range of 15750 to 15850 | Sudden moves may surprise

Saturn (Rx), Moon with Rahu are leading the day astrologically. Majority of the areas are activated, impact of foreign cues, local performances are also influencing the market. Intensity in the market can be seen. Lord of the share market has started transiting direct, which means in coming period may be in a position to give support properly to the market.

Market seems to move with positive note. Nifty is forming a based around 15800-15825 or so. But may look to cross the levels of 15875. Planets are in normal mood, which are helping to the momentum of the declining of Corona cases.

Global cues may remain in a better support. Time is for evaluating the consolidation around 15800. If required then keep a watch on gas and related segments, because of their momentum in past. Crude is holding their levels, but possibly in coming days, supply of crude oil may rise, which may give impact on crude oil.

I will prefer to trade in the range of 100 points of Nifty. That means better to trade in between 15750 to 15850.

Only point of concern – Rahu can give sudden movements, which may surprise the traders (just a possibility).

Technologies, communication, textiles, leather, Paper, sugar, ethanol or alcohol based products, agriculture based segments, engineering related areas may show some prospects, communication instruments, PSUs may show movements in various segments, automobile and related segments may be showing movements. Pharmaceuticals, chemicals, health-care and many more may remain active.

There are many segments in the market which are moving silently and giving best of advantages to the investors. Look for such segments/companies.

Indian Currency

Indian Rupee may trade in between 73.90 to 74.70 per USD.

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