Daily Forecast – Share Market – June 22nd, 2023

Nifty may trade withing 18775 to 18900 (small range) | Watch foreign cues

Mercury, Mars with Rahu are leading the day, well supported by Venus and Ketu. Importantly, today is weekly expiry, foreign cues will be important, but local cues may also be playing key role for the day. Nifty is looking better, despite of some shakiness and confusion.

It will be better to keep a watch on banks and financial institutions, which may be playing key role for the day and in the coming period too. Foreign cues and our leader of the nation may show some direction for the coming week. Keep a close watch on the news.

Week foreign cues possible. Which may affect movements of Indian market for a while. Even then, market may still try to hold the levels around 18800 and may look for 18900. Weekly expiry day. Venus and Ketu are indicating impact of news from UK.

Midcaps and small caps may also remain interesting. Even then any time market may look for Profit bookings will not be surprising. Although Nifty may try for 19000 in coming time or may give indications for 19000.

Demand in the global market week, pressure on IT may still continue for a while. UK’s inflation may give trouble to global markets. Crude may remain around the same levels (of previous working day). For India, still our sources may remain same.

Wind energy, solar energy and likewise segments may be interesting in coming years (apart from other source of green energy).

Thin trade range, intraday traders may not enjoy the day.

Areas like automobile, power, banks and financial institutions (look for opportunities), alcohol, non-traditional segments, electronics and electricals, automobile tyres, batteries, sugar, textiles, leather, petroleum products, green energy related genset, communication instruments, entertainment, chemicals, insurance and many more may remain active.

Nifty may remain withing in the range of 18800 to 18900. Consolidation/profit bookings possible in coming period.

Indian Currency

Indian Rupee may trade in between 81.80 to 82.60 per USD.

Please like my Facebook page @ https://www.facebook.com/AnoopAstroSutra.

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