Daily Forecast – Share Market – June 30th, 2021

Nifty may try for Previous levels | Profit bookings also possible

Moon, Rahu with Saturn (Rx) are leading the day with support of Mars, Mercury, and Jupiter (Retrograde). Two important planets are transiting retrograde, which are not giving freedom to move freely to this market.

Crude, currency are key factors to check the inflations. Purchasing capacity of majority of nationals (middle class – but not regular voters) is very weak. Otherwise, GST collection of government might have gone quite high. These middle class nationals (but non-regular voters, in case they go for voting government can be finalised with their votes only), ignored, unemployed (lost job/facing pay cut), even then everyone expects to support during this pandemic to others, whereas they are facing financial crises, many of them had liquidated to close to liquidation of their savings. But not getting any support. They were real consumer of good products, electronics and electricals, automobile, qualitative FMCG etc.

Despite of all these issues, share market is growing with normal chaal and traditional ways. Slowly and gradually, market is rising or marching towards upper levels, with some consolidation or profit bookings like at trading market. Fluctuation is a part of trade.

Nifty may try to regain its levels of previous day.

I believe that market is holding its levels and may try to look for next psychological level of 16000 for Nifty. But before that level of 15925 will be important.

Movements in many segments, but I would like to see automobile tyres especially along with sugar, textiles and paper with leather, fertilizer, agriculture related segments, health care products including Pharmacy and supportive equipment manufacturing units.

Chemicals, alcohol, wine, spirit, non-traditional, solar, lithium batteries, and so many other products. Keep a watch on aviation also, with logistics, IT, communication and many more.

Nifty may look to regain previous levels of 15850 or so.

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.