Daily Forecast – Share Market – June 20th, 2022

Mixed day possible | Sell on rise | Keep a watch on News from Govt.

Jupiter, Sun with Mars are leading the day, well supported by Moon, Saturn and Mercury. Globally Lay-off situation in Jobs is tough, which may affect the demand further, and possibly crude will also be influenced. Even then energy is point of concern.

This lay-off situation is again indicating that we may head for recession. News or indications related to recession is also giving some pressure on Crude. Global cues are not supportive. Now, we must watch default position or insurance cover for default position in various countries. These are again indications for pressure on economy and market.

I believe sell on rise. I also feel that market may show mixed reaction. News from government related to banks or other issues may be important. Keep a watch.

Indications are not good due to levels of Banks Nifty and Nifty. Keep a watch and then move.

Market may show some bounce in coming period (possibly for 2%) and then again sell on rise. Volatility in the market can be seen. Keep a watch on restricted Pharmaceuticals.

Areas like Sugar, leather, energy related (oil, coal etc.) may again show some better moves. Even then Keep a watch on IT, communication, power, automobile, solar based power, or alternate energy will be good for the coming period (again stocks wise), lubricants, keep a watch on FMCG, large caps etc.

Keep a watch on engineering and infrastructure related or any segment which has shown great runup. Protect your money. Be watchful.

Nifty may again try to breach 15200 and look upper side also.

Indian Currency

Indian Rupee may trade in between 77.50 to 78.40 per USD.

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