Nifty Prediction : Nifty may show some pressure | Keep watch on China/US market

Daily Forecast – Share Market – June 1st, 2022 Nifty may show some pressure | Keep watch on China/US market Sun, Saturn with Mars will be leading the day, well supported by Rahu, Ketu, Moon and Jupiter. Global cues will be important for the day. Energy, inflation and other global issues may influence our market during the day. Lord of share market and banks will further slowing down speed for us, indicating slow impact of the lord. Chances of Volatility after lunch is possible, because Rahu and Ketu will be active for the coming day also. Today is penultimate day of weekly closing. So, market may be preparing or giving indications for the same. Currency has lost its level, and now settling down close to 78 against USD. Banks are trying to recover from their normal customers, for them, it may be better but may not be good for common person and may have no choice for proper savings. Possibly, crude may give some sense of relief to the local market. Saturn is also heading for slowing down its speed for us, because within this fortnight will be start transiting retrograde. Laziness possible. It will be better to keep a watch on the opening of the market and then decide the moves. I will prefer to look forward on either side after 01:00 Hrs (IST). Global market may help our market (Possibly after lunch or around that). Areas like automobile, […]

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Nifty Prediction : Buying from lower & pressure on upper possible | Nifty may look for 16200

Daily Forecast – Share Market – May 26th, 2022 Buying from lower & pressure on upper possible | Nifty may look for 16200 Sun with Saturn is leading the day, well supported by Moon, Mars, Jupiter, Mercury (Rx) and Ketu. Saturn is giving indications for punishing global economics etc. It may harm life of living beings (including human) – may be due to human errors or harming nature or some other ways, which may hurt human relationship due to religion or otherwise. Food crises, water crises, energy crises and economic crises is possible (globally), which may further affect job market, increasing unemployment. Which may hurt purchasing power, and energy crises. That means before going for long, we must be watchful and cautious. I do not mean to say avoid the daily moves. As today, Market may show buying from lower levels, despite of weekly and monthly expiry. Pressure on IT, communication, and related segments. Possibly due to profit bookings on upper levels. Areas like automobile, energy, power, coal, pharmaceuticals, textiles, leather, engineering, financial institutions (ups and downs possible), keep a watch on metals/steel, watch on USD, sea related areas, research and space, laboratories, chemicals, communication instruments, entertainment instruments, and many more may show some buying from lower. Geo-market situation better, look for buying from lower.  Be ready to sell on upper levels (as and when required). Indian Currency Indian Rupee may trade in between 77.00 to 77.90 per USD. Please […]

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