Daily Forecast – Share Market – June 2nd, 2023

Nifty may look for 18600 | Tricky period | Foreign cues better

Last working day of the week. Guru Rahu chandal yog is on peak. Neech Mangal with Venus is influencing horoscope’s lagna lord strongly. Indications are that global market situation may influence our market.

Buying from lower levels can be seen. A strong wave is possible from lower. It will be better to enjoy the day. But be wise and trade with care.

Rahu chandal yog means – deception or tricky moves possible in coming days. Commercial vehicles may not be attractive for the day. Whereas two wheelers may give some better moves.

Crude oil may also show some recovery from lower levels. Gold may also show some movements. Now, point is movements in many segments may try to boost the levels of the Nifty. But economic situation of globe is not encouraging.

I am still doubtful about consumption theory of world, which may give trouble to the market in coming period.

Nifty may try to recover by above 100 points.

Midcaps, small caps and oil exploration may give some advantage with many more segments. Movement is possible during the day.

Nifty may look for previous levels of Nifty. FIIs are indicating some adverse effects.

Indian Currency

Indian Rupee may trade in between 82.00 to 82.80 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.