Daily Forecast – Share Market – June 24th, 2022

Nifty may show better mood | Foreign cues better | Sudden moves possible

Sun is leading the day, well supported by Moon, Mars, Rahu, Jupiter, Mercury, Venus and Saturn (Rx). Indications are not bad for the day. Possible Nifty may look for 15700 or so. Foreign cues supportive, even though we have not come out of fear of recession or fear of Corona.

Rahu may give sudden moves on upper side.

Fear of recession will continue from day after tomorrow, because Mars and Rahu will be in conjunction. This is also fact that Mars will be in own sign. I feel that global situation will show fear of recession or fear of slipping of economic levels.

Today, we may see decent response from the market, because of the foreign market situation. Metals may remain under pressure in next coming period. Time has not come to add such companies.

Nifty may try to look for another 1% or so. Volatility is also possible during the day. We are on the weekend day, so, next two days may show some changes in the global scenario. So, trade with care. Nifty may look for 15700. But must be for short term. It will be better to look for strict stop-loss. Emotions are not change. Possibly, it may be game for bigbulls. Trade wisely.

Areas like IT needs a strict watch, communication, power, petroleum companies, sugar, textiles, pharmaceuticals, health care including hospitals, chemicals, banks and financial institutions, dairy, entertainment, renewable energy, gases, automobile, automobile tyres, logistics, e-commerce, internet based segments, and with paints etc. may be doing better for the day.

Keep a watch on Metals. But still defence will be better for accumulation.

Nifty may show better day, trade with strict loss, because Volatility is possible. But Rahu may give sudden moves.

Indian Currency

Indian Rupee may trade in between 77.50 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.