Daily Forecast – Share Market – June 16th, 2022

Positive opening possible | Wait n Watch then move | Nifty may look 15750

Sun with Mars is leading the day, well supported by Venus, Saturn (Rx), Jupiter and Mercury. Importantly, Sun has moved in Gemini sign, Venus and Rahu are involved in a planetary war. Rahu is defeated in this war on date, but remember, that conjunction of Venus and Rahu may not give very good results on the ground. Because both may give dreaming or imaginary ideas, but nothing strong will be deliver by this conjunction. On date, possibly we may see some positive movements after volatility and dip in the market.

Chances of buying from lower levels can be seen. But issues related racism through out the world, apart from economic issues may be seen including in India. Federal reserve from US has increased the 0.75 basis points. INR is losing its strength against USD.

Today is weekly expiry, I feel that market may try to respond the foreign cues, which may give some positive touch to the market at least for the day. Nifty may try to look or plan for 15750. Chinese market may have normal day or may have some volatility during the day.

We must see the long-term impact of stimulus withdrawal from the leading market. Focus is to avert inflation.

Activities in the areas of Automobile, power, energy, automobile tyres, textiles, sugar, leather, agriculture related, dairy products, IT and communication with entertainment, web based services. It will be better to look for chemicals, alcohols, glycols, FMCG, fashion, insurance, crude oil exploration, metals, banks, and financial institutions, issues with realty with related segments, defence, and many more may be showing movements.

It will be better to wait at the time of opening then move with the desired steps. I feel that market may show gap-up opening due to foreign cues or actions.

Indian Currency

Indian Rupee may trade in between 77.40 to 78.30 per USD.

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