Nifty Prediction : Nifty may show ups and downs | Trade with care | For long wait

Daily Forecast – Share Market – June 21st, 2022

Nifty may show ups and downs | Trade with care | For long wait

Mars, Sun and Saturn (Rx) are leading the day, well supported by Moon, Jupiter with Mercury. Foreign cues may be supportive, along with some other news related to banks and financial institutions.

Global support may give some support to the market, still I feel that fear in the market may continue and affect mood negatively. Even then mood for the current period may show betterment. Strong stocks have gone down strongly, metals and other segments had affected badly.

Even then defence, crude oil refinery may be doing better along with some banks and financial institutions. Cues due to sentiments from global market may be doing better. I don’t feel that planetary position is not doing much. Only fear is due to our own reasons and some planetary position like retrograde Saturn and Jupiter.

Point of concern is food inflation in India and food crises globally.

Today, Moon is forming good link with Jupiter, Mars and Sun. I hope that market may be showing good moves with communication instruments, transport and IT also. I will also look forward for the areas like logistics and many more with Dairy.

Rubber, chemicals, insurance, with pharmaceuticals, textiles, power, energy, defence, satellite, hospitals, also keep a watch on automobile, automobile tyres, and metals etc. may be showing moves. Gas, oil refinery, renewable energy related segments including solar energy etc. may remain active.

I believe market may try to show positive moves, but also believe that before going for long, wait and watch. Market may try to show some buying from lower and may show sell on rise in coming period.

Difficult to say the levels of nifty. Currency is maintaining its levels. Crude is also maintaining levels. Ups and downs possible. Food inflation may give trouble.

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.

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