Daily Forecast – Share Market – June 14th, 2023

Nifty may look for 18800 or so | Changes possible in second half

Ketu with Rahu is leading the day, well supported by Moon, Mars, Saturn, Mercury and Venus. Initial indications from foreign cues may remain better. Chances of local issues may show strength after second half. So, in second half – wait, watch and then sell as and when required.

Importantly, from tomorrow planetary changes will be evident and weekly expiry will be showing its impact.

Nifty may try to look for 18800 or new levels. Banks, financial institutions are looking positive. It will be better to trade with the wind (if require to book profit) after 13:31 Hrs (IST).

Stop-loss of 18600 for Nifty will be better. I agree that many planets are directly active, so movements in many segments will remain active. That means possibility of movements in Midcaps, small caps along with large-caps may be seen during the day. Which may give positive movements.

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.

Nifty may look for 18800 or new levels. Banks and financial institutions may remain active with others.

Indian Currency

Indian Rupee may trade in between 81.90 to 82.60 per USD.

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