Daily Forecast – Share Market – June 27th, 2022

Nifty may show better levels | Wait n Watch | Strict stop-loss

Moon is leading the day, well supported by Sun, Mars, Jupiter, Saturn (Rx), Ketu and Rahu. Importantly Mars has moved in its own sign but with Rahu, I agree that distance between Rahu and Mars is much, hence currently or on date wave of fear may not be seen. Impact of foreign lands may be seen in a better way for the time being.

Despite of good positions, I am little bit afraid of combination of Rahu-Ketu.

If market open with Gap-up, then it will be better to avoid temptation for the time. Give some time to settle the market and decide the strategy. Allow the market to settle the market. Remember, this week has monthly expiry also.

Crude may remain under the range of 110 USD, which may be treated as better levels than the previous days. Possibly, China market may give some better movements.

Banks, IT, communication, e-commerce-based companies may show some focus. Keep a watch. I believe that market may have touch of from these segments. We can not ignore two wheeler segments. Oil explorer and marketing companies may also be giving some better indications. Solar power/energy and power based segments/ non-traditional energy will be doing better along with gases (chemical), financial institutions will be doing better.

I hope market may show some better movements with chances of little bit of hic-ups. Trade with stop-loss.

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.