Nifty Prediction : Nifty may look for 18650 | Stoploss at 18500 | Waiting for cues

Daily Forecast – Share Market – June 6th, 2023

Nifty may look for 18650 | Stoploss at 18500 | Waiting for cues

Saturn, Rahu with Ketu are leading the day, well supported by Sun, Moon and Venus. Global cues may not be supportive, but local cues will be key for the day. Indications may be for sell on upper levels, but market may try to hold the levels and look for 18650 or so of Nifty.

China’s Horoscope is not supportive for a while – for consumption purpose. Which may affect consumption market of world.

Crude oil is rising again and may look for 80 USD or close to this level. Currency is within range of 82-83 per USD.

I feel that because of Neech Mangal with the lord of horoscope is giving energy, but is creating or indicating for confusion in the market. Reason is Guru-Rahu chandal yog with the lord of share market is again deceptive. Even then I believe, on date market may try to hold the levels and market may look for some news to set the direction of the market. This is also possible that despite of many factors, situation is not giving sudden dip or rise.

Many segments may remain active. Despite of lack of momentum, so trade with watchful eyes. I feel that IT, transport, logistics, communications, space and related segments – if available at better rates than may give advantage on coming 72 Hrs from tomorrow.

Watch for sugar, textiles, alcohol, its other products, paper, leather, infrastructure, reality, cement, paints, FMCG, pharmaceuticals, coffee, Tea and many more may be seen as active segment with electronics and electricals. Watch banks with care.

Stop-loss around 18500 but Nifty may look for 18650 or so.

Indian Currency

Indian Rupee may trade in between 82.20 to 83.00 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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