Daily Forecast – Share Market – June 6th, 2022

Nifty may trade for (+/-) 100 points | Buying from lower possible

Sun with Retrograde Saturn is leading the day, well supported by Moon, Mars, Jupiter, Ketu and Venus. Importantly, Saturn has started transiting retrograde, which is important planet of the Chart. Normally, this Saturn is known for Karmfal data – means lord of giving results of the karma. This period will indicate that results of the karma, or other activities may force to feel guilt if anything wrong is done. This may include statements also or war or other acts.

US is indicating that employment data is good. Even then their market closed on lower side. Job opportunities in US are good.

Crude is building pressure. Corona’s return in Maharashtra and Kerala is possible at the same time other parts of the nation must take precautions, because Saturn has started transiting retrograde (so chances are possible for rising of Corona cases – may not be serious).

Lord of share market has started transiting direct. Indirectly is active for the day, so, I feel that opportunities at lower levels can be seen during the trading hours. Or I can say that rise from lower is possible. Buying in the market is possible. Nifty may again try to look for upper levels from lower.

FMCG, IT, communication, entertainment, power, logistics, automobile and related segments like tyres, batteries and ancillaries etc., chemicals, metal based, sea based, insurance, healthcare – trade with care, it will also be better to take precautions with textiles, leather and related segments, and activities can be seen in many other segments with Gas, and others.

Nifty may show buying from lower. Stocks specific will be better from lower.

Indian Currency

Indian Rupee may trade in between 77.20 to 78.00 per USD.

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