Daily Forecast – Share Market – June 1st, 2022

Nifty may show some pressure | Keep watch on China/US market

Sun, Saturn with Mars will be leading the day, well supported by Rahu, Ketu, Moon and Jupiter. Global cues will be important for the day. Energy, inflation and other global issues may influence our market during the day. Lord of share market and banks will further slowing down speed for us, indicating slow impact of the lord.

Chances of Volatility after lunch is possible, because Rahu and Ketu will be active for the coming day also. Today is penultimate day of weekly closing. So, market may be preparing or giving indications for the same. Currency has lost its level, and now settling down close to 78 against USD.

Banks are trying to recover from their normal customers, for them, it may be better but may not be good for common person and may have no choice for proper savings.

Possibly, crude may give some sense of relief to the local market. Saturn is also heading for slowing down its speed for us, because within this fortnight will be start transiting retrograde.

Laziness possible. It will be better to keep a watch on the opening of the market and then decide the moves. I will prefer to look forward on either side after 01:00 Hrs (IST). Global market may help our market (Possibly after lunch or around that).

Areas like automobile, reality, infrastructure, petroleum marketing, petro-based segments, chemicals, sugar, agriculture, textile and related segments including yarn, rubber and based segments (natural rubber and synthetic rubber also) – including automobile tyres, batteries, renewable energy, energy related (coal also), sea based segments, edible and many more may be showing movements (either side), with alcohol, cotton and electronic products including communication instruments. Logistics, IT and communication may remain better for the coming period.

Buying from 16400 of Nifty can be seen.

Indian Currency

Indian Rupee may trade in between 77.10 to 77.90 per USD.

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