Nifty Prediction : Nifty may look for 16400 | Wait n Watch | Time to Avoid aggression

Daily Forecast – Share Market – June 7th, 2022

Nifty may look for 16400 | Wait n Watch | Time to Avoid aggression

Sun, Venus and Saturn are leading with support of Mars, Moon and Jupiter. Importantly Lord of ‘Karmfal’ results – Saturn is transiting retrograde. This indicates results of religious impact on the market or on the global business (various countries). It will be better to be balanced in all the respects – for all nations (globally). Otherwise, war, hatred, and energy crises with food may hit many nations – resulting financial crises. This may need absolute professional financers for any organization, nation and domestic purposes.

Global cues are important with the crises of energy and gases including petroleum. Volatility and pressure on the market is possible. But chances of buying from lower and selling on upper levels quite possible. Global cues are not comfortable due to various reasons.

India may have to face some issues related to export related situation. Steps from government will be key to exports.

Currency of various countries are suffering due to various reasons, that’s why finance management of nation/organization is important and may need specialized/proper finance management/planning person. Natural gas may face issues and prices can hit the market and cost of production and others.

Market may look finding bottom, inflation is hitting the demand globally, energy is the key for the nation. Gulf countries may be key for some major issues for energy.

Nifty may look for 16400 (again). Indications are that buying from lower levels of stocks and selling from upper levels. Banks may show some hard norms for the common people. I believe that banks or nation may try to check inflation levels. But income of common person is not improving and purchasing capacity is going down. Indicating dips in buying from the market.

Areas like IT, communication, logistics, chemicals, FMCG, edibles, automobile, defence, power, energy based companies, gas, aviation, shipping, sea related, pathology based companies, infrastructure, automobile ancillaries, and banks (either sided), may be showing movements.

It will be better to avoid aggressive buying. Wait and watch.

Nifty may show pressure. Buying from lower levels.

Indian Currency

Indian Rupee may trade in between 77.10 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.

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