Daily Forecast – Share Market – June 26th, 2023

Nifty may remain within +/- 100 points | Profit bookings possible

Rahu with Mercury leads the day, well supported by Sun, Mars, Ketu and Venus. Volatility below 100 points from the previous close may be seen, if it will cross 100 points from the previous close, market may try for upper levels.

It will be tough to cross 100 points of Nifty from Friday’s closing.

Lord of banks will try to protect own house of banks and financial institutions. At the same time this lord of share market – enjoying own sign, and gaining strength, so may again try to protect or support share market. Although may remain within a range. Profit bookings on upper levels possible.

Impact of news related to Monsoon may give some positive impact on the market. Whereas impact of Rahu is strong which may give deceptive moves as any time or may give sudden news/moves etc.

Currency is holding levels around 82 against USD. Crude oil may remain around 75 USD.

Nifty may look for 18700 and profit bookings also possible.

Areas like Sugar, textiles, automobile tyres, automobile, engineering, Fashion, readymade garments, apace, aviation manufacturing, defence, chemicals, alcohol and related segments, insurance, infrastructure, movements (either side) cement, power, ceramics, logistics, watch for a chance in IT, electronics and electricals, petroleum products, acids, carbon black and many more may remain active.

Mid-caps and small caps may remain active.

Indian Currency

Indian Rupee may trade in between 81.70 to 82.50 per USD.

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