Nifty Prediction : Nifty may look for 15900 | Pressure on upper – in coming period

Daily Forecast – Share Market – June 28th, 2022

Nifty may look for 15900 | Pressure on upper – in coming period

Moon with Mars is leading the day, well supported by Sun, Jupiter, Rahu, Saturn (Rx) and Ketu. Influence of foreign cues or issues may be important for the day.

Crude oil may also show rise, and INR is regularly showing pressure, these are important factors for our economy. Inflation is on the upper side, unemployment is also on the upper side, whereas GDP is under pressure, production is not encouraging (this is not only in India but globally). Energy crises is key factor for inflation and production cost. That’s why I had mentioned in my earlier many posts that Saturn is giving us time of 30 years to find or work out on other source of energy, otherwise, after those 30 years, globe will be controlled by few nations only (because of crude oil and other source of energy).

I may look forward for opportunities on either side. Conjunction of Rahu and Mars, especially in the sign of Mars, indicating fear on various fronts or fear of losses. Power crises, energy crises, food grain crises and employment crises are key factor, to show that steps are moving for recession (fear). Now we must check GDP of last two-three quarters, if this is under pressure, means next step towards recession.

I feel that on date Nifty may try to look for 15900 or so, but this does not means that market has come out of fear of dip/depression. Expiry is on 30-06-2022, indicates that volatility can be possible in the coming period. But from which level, this is point of concern. Will nifty look for 16000? Is very important.

Key areas are IT, communication, e-commerce, defence, banks, steel and others related segments, infrastructure, dairy, water related segment, keep a watch on sea related segments, finance and pharmacy with insurance and health check up laboratories, health care, automobile and batteries with solar energy, gases and sugar with other edible oil etc. may remain active.

It will be better to trade smartly. Nifty may look for 15900 or so. But profit bookings on upper levels possible shortly.

Indian Currency

Indian Rupee may trade in between 77.80 to 78.60 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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