Daily Forecast – Share Market – June 7th, 2024

Nifty may look for 23000 | Sell on upper levels

Moon with Mars leads the day, well supported by Sun, Jupiter, Mercury and Ketu. Indications for the market is positive emotions and may look for 23000 of Nifty levels. But remember, chances of trimming on upper levels possible.

Keep watch on foreign news and local political ups and downs at least till the completion of Oat taking ceremony. Already one day for Oath ceremony is postponed. This is not the style of care taker Prime Minister Modi.

Crude may show some rise in prices, because lord is getting strength. I believe investors must select safe route like MFs and SIPs or investments in good companies (after proper study of their balance sheet, history of MD, CEO, + their planning).

Watch RBI’s policy. Little bit of volatility possibly. Keep watch on Policy and Political tricks/news/ups and downs.

Keep a watch on IT, communication, space, logistics, aviation, and entertainment, with automobile, infrastructure, power, metals, defence, oil exploration and gas, banks and financial institutions, communication instruments, naval communication instruments, insurance, oil and gas marketing companies, and many more with cotton and textiles etc.

Keep a close watch on political activities, and banks news.

Indian Currency

Indian Rupee may trade in between 82.90 to 83.70 per USD.

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