Daily Forecast – Share Market – June 13th, 2023

Nifty looks better | Buy on dips | Look for 18700

Ketu, Rahu with Mercury are leading the day, well supported by Sun, Mars and Saturn (which is close to retrograde transition). Indications are clear that market has some positive emotions, supported by financial details or some other local reasons along with foreign cues.

Nifty may try to recover from lower levels and look for 18700.

Crude may also show some pressure, where as INR may be in some better levels than the previous day. Bullish indications possible. Looks like inflation may show some check for some period.

Remember, we have entered in general election year. Normally, when eighth house lord of horoscope (which is Jupiter for India’s horoscope) transits in the ascendant of horoscope, then in 80-85% cases ruler of nation is changed (if election or ruler has to take oath), this is according to classics of astrology books. It will be better to wait and watch to test this law of classics of astrology. Again, horoscope of the ruler will be playing important role in this case.

In local market according to the data of inflation (documented) for retail is under control. Manufacturing is showing (according to data) improvement in April of the year.

I am positive for the levels of Nifty and banks. I must look with positive touch for India’s IT, (if available at economical rates). Petroleum marketing companies may be doing better.

At the same time power, banks, insurance, power, automobile, automobile tyres, paints, EVs, green energy, chemicals, sugar, textiles, leather, logistics, communication, entertainment, reality, infrastructure, mining, coal, Iron ore, or other ores like magnesium, aluminium etc., railways related, aviation related, carbon black, pharmaceuticals (watchful) and many more may remain active of midcaps and small caps etc.

Nifty may look for 18700. Banks and IT with automobile etc. may remain under watch with financial institutions.

Indian Currency

Indian Rupee may trade in between 82.00 to 82.70 per USD.

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