Daily Forecast – Share Market – June 7th, 2023

Nifty may be within range of 18700 to 18525 | Keep a watch on Judiciary

Rahu, Ketu, Saturn with Sun are leading the day, well supported by Moon. Moon is forming relationship with the lord of foreign lands and the lord of horoscope of India. Good relationship. I believe that impact of foreign cues and local reasons may give impact on our market.

I believe that market may look for better movements than previous day. Market may try to show recovery from lower levels. Although retailers may remain bit watchful. In US markets, retailers may play some key role in coming period, which may give some impact on global markets.

Lord of Judiciary and karmfal data has started slowing down its speed, because after 10 days this Saturn will start transiting retrograde, so impact on market will be accordingly in next fortnight or after 17-06-2023. This is giving indications for weak Monsoon of the period.

Even the traders may look for dips and buy accordingly. Sell on the upper levels. I also agree that not big gaps are available at the moment, because market is waiting for the clear indications to come out of this confusion state. Rahu and Ketu always gives deceptive mood or movements.

Even then areas like IT, communication, communication music instruments, logistics, chemicals, sugar, textiles, infrastructure, reality, paints, automobile, automobile tyres, insurance, power, space, sea related segments, petroleum based segments, automobile batteries, Pharmaceuticals, and many more segments including FMCG, Tea, seeds based, leaf based segments may be better with Fertilizer etc.

Nifty may again try for 18675 and lower side may be 18525.

Indian Currency

Indian Rupee may trade in between 82.20 to 83.10 per USD.

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