Nifty Prediction : Nifty may look for 15850 + | Unexpected move possible
Daily Forecast – Share Market – June 25th, 2021
Nifty may look for 15850 + | Unexpected move possible
Saturn (retrograde) with Moon and Rahu is leading the day, well supported by Venus. Local issues and movements may give better impact than the foreign cues, this does not mean that foreign cues will not be important, it may play some role also.
Local issues like COVID, Political movements, performances of companies in comparison to previous years. Surprisingly, our market is not responding to unemployment (as it should have been), inflation and loss of income of income for many nationals.
No relaxation and support from government to lower middle class and middle-middle class nationals. Whereas they are supposed to give support to the society, income tax, if they had gone for housing, in that case loan repayments or liquidation of house (values are not reasonable), and many more issues – market is not responding to such issues. That is why market is known as “NIRMOHI (Emotionless)”.
Petrol rates are rising, which is affecting logistics, and rise of other prices. I agree that support should be given to weaker section, but at the cost of lower middle class or middle class – so that they will move in weaker section of category? Some balancing is essential. Possibly, lower middle class and middle-class nationals are not influencing formation of government (because they are ignorant of their voter right and duty).
They (middle class) had played an important role in 2014 general elections.
Nifty is trying to form base around 15800, so that can jump suddenly to 16000 levels. Remember, Jupiter is retrograde and falling back to Capricorn and will be back in Aquarius sign in November third week, that will be another risky period for COVID in India, risk may be increasing from middle of September 2021.
I feel that market is active for upper levels. Rahu may give sudden moves. Otherwise, giant company or news from the market may be cause of movements in the market. Nifty may look for 15850 or so.
IT, communication, leather, textiles, paper, chemicals, petroleum based segments (exploration), Green energy or renewable energy, automobile, automobile ancillary, communication instruments, electronics and electricals, gases, retail marketing companies, FMCG, agriculture related segments including agriculture based automobile, solvents, alcohol, sugar, non-traditional companies and many more segments may remain active.
Nifty may look for 15850 or so. Nifty preparing for new levels.
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.
Categories: Share Market