Daily Forecast – Share Market – June 28th, 2021

Buy on dip (75 points of Nifty) | Nifty may try to look for 15915 or so

Moon with Saturn and Rahu is leading the day, well supported by Mars. Global cues may be interesting, crude is again showing rising trend. INR is still maintaining levels above 74 against USD. One more interesting point is that market is rising slowly and gradually on almost daily basis.

For Indian conditions, rising of crude may further hurt economy of a common man.

Nifty is trying to form a base around level of 15900, so that in one jump may touch or cross levels of 16000. Banks may give movements on the basis of news from the agencies or government.

Buy on dip if withing 75 levels of Nifty and wait for the better levels. It will be better to set a stop-loss accordingly.

Nifty may try to look for another 50-60 points from the previous closing.

IT, Engineering, dairy, leaf based, communication, alcohol, e-commerce based companies, pathology laboratories (may be based on news) and period of testing increasing during the period. Electrical and electronics, power, fertilizers, metals, sugar, agriculture related and produces, FMCG, chemicals, solvents, petroleum exploration, textiles, leather and many more segments may be showing movements. Keep a watch on mid-caps and small caps also.

Enjoy the day with stop-loss. Nifty trying to form a base around 15900 or so.

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.