Nifty Prediction : Profit bookings/Rollback possible | Time to be watchful
Daily Forecast – Share Market – June 29th, 2022
Profit bookings/Rollback possible | Time to be watchful
Mars with Rahu lead the day, well supported by Sun, Moon, Jupiter, Ketu and Saturn (Rx). Foreign cues are with Rahu, undoubtedly, confusion or fear or again fallback can be seen. Market may show negative sentiments. I agree that other three planets are supportive, but fear in the sentiments, due to GDP, inflation, crude oil/energy crises, food crises, unemployment indicating fear of declining in demand etc.
I will prefer to be watchful for the period.
Nifty may show profit bookings or short in the market. Rahu may give sudden changes or sudden deep in the trend.
Stop-loss on upper side is preferred. Banks may also show some safe or pressure in sentiments.
Oil exploration, communication instruments, entertainment instruments, activities in internet related segments, automobile, infrastructure, power, agriculture related machinery, focus on steel, alcohol, sugar, textiles, by-products of sugar, keep a watch on corporates related to their inside activities, annual meetings etc. chemicals, gases, and health care etc. may remain active during the day.
Nifty may show some pressure. Negative emotions due to foreign cues may be seen. Other issues related to economic activities, may affect the market accordingly.
Indian Rupee may trade in between 77.60 to 78.50 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market