Nifty Prediction : Nifty within range 23450 to 23650 | Banks and IT Hold the Busy

Daily Forecast – Share Market – June 21st, 2024 Nifty within range 23450 to 23650 | Banks and IT Hold the Busy Mixed cues from foreign cues Rahu, Mercury with Moon are leading the day, well supported by Mars, Jupiter and Venus. Emotions are positive, banks may be supporting the day. Keep a watch on textiles, leather, pharmaceuticals, with paper. Even then possibly lazy opening possible. Nifty may remain within the range of 23450 to 23650. Official data wise economy is on very decent track, but the difference between the consumption index and GDP – we need to look into this gap. Possibly, this may guide us regarding bubble… Cash traders are in the market and they are pumping the money still. Majority of cash money is from common man, they are trying to get some gains from this market. But they themselves are not capable of making profits from the market. Hence, either they are going by MFs or other modes for the investment. That’s why we see some movement in the market, despite of weakness in Jobs, high food inflation (practically), higher cost of living, education etc. Trade wisely. After nine days, an important planet – Saturn will start transiting retrograde. Which may give its impact on various issues of nation and market. Cotton, communication equipment for on any surface including shipping, aviation, this includes internet related companies also. Banks and financial institutions may be doing better in […]

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Nifty Prediction : Nifty may look for 23600 | Spot buying may be better | Cash inflow watch

Daily Forecast – Share Market – June 20th, 2024 Nifty may look for 23600 | Spot buying may be better | Cash inflow watch Dip Possible | Banks Protective Rahu with Moon leads the day, well supported by Mars, Jupiter, Saturn, Mercury and Ketu. Emotional movement. Keep a watch on global movements – US market is now preparing for the elections. Release from government will be key. Globally, the market will be influenced accordingly. Rahu’s position (transit) indicates that profit or loss may have swing. Alcohol and related issues may give some thrust to politics once again – just to handle water crises and education related issues. Keep a watch. This may give some impact on the market. Banks are well protected by the lord. It’s a time when one must keep an open eye on national movements related to politics. Currently may not influence the market strongly but may be an indication for the coming months. Watch with care. The reason is Jupiter and Rahu. Crude (brent) will be close to 82-87 USD. Keep a watch on FIIs, their flow. Banks, automobile, IT, communications, entertainment, sports, space, logistics, travels and tourism, watch railways related segments, time is ahead for budget in July. Areas like IT, electronics, communication instruments, cotton, textiles, oil exploration, agriculture, agriculture instruments, automobile, automobile tyres, paints, reality, infrastructure, watch aviation, movements in logistics, power, and many more segments including leaf based areas. Nifty may be bit […]

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Nifty Prediction : Nifty may look for 23300 | Profit bookings Possible

Daily Forecast – Share Market – June 11th, 2024 Nifty may look for 23300 | Profit bookings Possible Watch Banks in coming days – Profit bookings possible Moon, Mars, with Mercury (combust heading for total combustion) are leading the day, well supported by Sun, Jupiter, and Ketu. Here indications are clear that pressure on banks and share market may remain, because lord of banks and share market is combust and on by the weekend it will be totally combust. That means banks and share market will be influenced directly. After this week, lord of banks will be moving in its own house and may try to hold the levels of banks, but combustion for 2-3 days till 18-06-2024 may give strong impact on banking sector. I shall like to be watchful and if required to book profits and look for the opportunities in next week (if required). Importantly, Finance Minister is same, that means basic style of finance policies may remain same or continued. Time to look for opportunities in infrastructure segments, because of return of same Minister. Possibly cement and reality related segments may be trying for settling for the direction. It will be better to wait for short period and then move. Fertilizer, agriculture related segments, textiles – better to watch for the minister’s action (political) because – lord of lagna of India’s horoscope is weak, although is coming out of shadow, automobile and related segments, logistics, aviation […]

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