Daily Forecast – Share Market – June 24th, 2021

Nifty looking for consolidation | Trying for upper base | 15700+ or so

Moon with Saturn and Rahu is leading the day, well supported by Jupiter (Rx), Mercury and Ketu. Normally, combination of Rahu and Ketu gives ups and downs, volatility during the day. Since, Rahu is strong, so may again surprise market during the day, like previous working day. Planets are supporting to form a base and move ahead, but suddenness and retrograde Saturn and Jupiter are wobbling, hence at times both may give some uncertainty. But market is behaving with positive attitude. Previous working day, since, many stop-losses broke, so, slide or slip was seen during the day. That is the role of Rahu, providing suddenness and unpredictability.

But if we see properly, such moments are providing an opportunity to pick good stocks at better rates (for investors). Traders are also capitalizing such moments.

I feel, we may see buying from lower levels, nifty may try to regain previous values.

Volatility will not be surprising.

Keep a watch on banks, financial institutions (including FIIs), IT, technologies, engineering, laboratories, automobile, automobile batteries, lithium batteries, or solar technology (better to say – non traditional segments), communication, insurance, infrastructure/building materials/paints look for opportunities (investors at better rates), defence, companies like RIL (news based), many more may be showing movements like Paper, agriculture, leather, and health-care, keep a watch on Judiciary or official/political activities.

Trade wisely on monthly expiry day. Market is showing some tiredness and possibly taking some rest to regain upper levels in coming period.

Indian Currency

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.