Daily Forecast – Share Market – June 15th, 2023

Banks and Nifty may look better | Consolidation/sell on rise | Watch metals

Rahu-Ketu are leading the day, well supported by Sun, Moon, Mars, Saturn, Mercury and Venus. Importantly, today, Sun will be moving in Gemini sign and Saturn is slowing down its speed for us, because on day after tomorrow, will start transiting retrograde (Ulti chaal-Vakri).

Weekly expiry for Nifty and bank Nifty. Nifty may show sell on upper levels. Global cues may remain important for the day. Nifty may look for further movements but sell on upper levels possible. I feel because of some political reasons – US may take some decisions in economic announcements.

Rahu and Ketu are indicating that economic announcements may be under pressure because of political issues (globally). Will this be good for long term? This is point of concern. China is under pressure because of COVID pressure (still). Although their anterdasha lord of horoscope will be supporting them in their karma and its results.

Nifty may look for 18800 but sell on upper levels may be seen or volatility despite of movements in many segments.

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. Watch metals.

Indian Currency

Indian Rupee may trade in between 81.80 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.