Nifty Prediction : Look for Opportunities at lower (if) | Market looking for direction

Daily Forecast – Share Market – June 29th, 2021

Look for Opportunities at lower (if) | Market looking for direction

Rahu with Moon + Saturn (retrograde) is leading the day, with support of Mars and Mercury. News/announcement from government may be influence this market on date. Rahu is indicating sudden wave will not be surprising.

Planetary positions not bad. Buying chances will remain till 150 points lower than the previous closing. The moment will cross 100 points above the last closing this market will be touching 16000 of Nifty.

I do not feel that immediate relief for unemployed middle-class people, over and above that inflation is increasing. Difference with thirty years back story is that, during the period, inflation was checked, because of checking on credit policy of banks, but unemployment for middle class and middled aged people was high.

After covid, rural areas are comparatively better than urban areas. Reason is support from government in such area is better to nationals than the areas of urban (especially – middle class), they have to pay/bear much without increase in income, rather they had lost income or reduced income.

Movements in agriculture, travel and tourism, IT, power, keep a watch on banks and FIIs (important), dairy, leaf based, electronics, bio-technology based segments, automobile ancillaries (remember for good companies), insurance, Petroleum, FMCG, agriculture based automobile, and many more.

Initial flat opening or slight pressure will not be surprising. Sudden changes possible.  Look for Opportunities at lower levels.

Indian Currency

Indian Rupee may trade in between 73.70 to 74.50 per USD.

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

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