Daily Forecast – Share Market – June 17th, 2022

Nifty may show sell on rise | Wait and watch for first hour

Sun with Mars leads the day, well supported by Moon, Jupiter, Saturn (Rx) and Mercury. We are on the last working day of the week, and market will open after two days. Global cues are not comfortable, whereas planetary positions are indicating economic trouble (globally).

Crude is creating panic with other factors of economy like inflation, low GDP, unemployment and impact of Pandemic and Russia-Ukraine war, creating food crises. Local points are indicating bit buying from lower levels, whereas global situation is not supportive. I agree that previous day’s closing was with fear or panic of signs of recession. Astrology is also suggesting some issues (may be little bit big) related to economy crises. Reasons are Retrograde Saturn falling to Capricorn, which may further increase chances of Pandemic.

Saturn is forcing different countries to try to justify the stimulus related support to the falling indications of economy. Saturn will give its Justice to the supported economy, that means we may face some trouble in coming days (strong chances).

I am not confident about the days trading session. It will be better to move with the wind but protect your funds. This is important.

Now fear in the market is – will market try to protect Nifty levels of 15000. This is big. Sell on the rise will be possible. Major support of common person/retail investors will try to protect their funds, and which may build the pressure on the market. Common traders or investors (non-hardcore/professional traders) may try to protect their funds. Which may give pressure on the market.

Market must take precautions from sudden movements.

IT, communication, automobile, paints and infrastructure with power, logistics, aviation and related segments, banks and financial institutions, chemicals, engineering and many more may be showing movements on either side. It will be better to keep a watch on textiles, leather, FMCG and many more for either side.

Sell on rise will not be surprising. Nifty may look for lower levels in coming period.

Indian Currency

Indian Rupee may trade in between 77.30 to 78.20 per USD.

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