Daily Forecast – Share Market – June 19th, 2023

Nifty may look for 18900 | Planning for 19000 | Sudden surprise possible

Rahu, Ketu with Mercury are leading the day, well supported by Moon and Mars. Indications are that Nifty may try to look for the upper levels, close to 18900, as I mentioned in my few days back post and may try to plan for 19000 of Nifty.

Importantly, currency is trying to manage below 82 against USD. Crude is also trying around 75 USD.

Market is heavily influenced with foreign cues and Rahu is indicating that moves can be dubious at any stage during the week. Energy flow at the neighbouring areas is indicated, which means impact of neighbouring market may come to our market in the coming period.

Indications for IT, communication, space, aviation, logistics, entertainment, media (including social media), transport, railways, shipping and other related areas, metals, electronics, power, non-traditional segments, textiles, leather, sugar, alcohol, by-products of sugar, spirit, jewellers, acid, chemicals, rubber, automobile tyres, coffee, tea, leaf-based, dairy, edible, and many more may remain active.

Keep a watch on mid-caps and small caps.

Nifty may look for 18900 and plan for 19000. But suddenness may surprise the market in coming period.

Indian Currency

Indian Rupee may trade in between 81.60 to 82.40 per USD.

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