Nifty Prediction : Pressure on upper levels | Watch traps | Geo-political news important
Daily Forecast – Share Market – June 8th, 2026 Pressure on upper levels | Watch traps | Geo-political news important Rahu with Jupiter leads the day, well supported by Moon, Mercury, Venus and Ketu. Indications are that chances of sudden moves, with confusion, misleading trends are also possible. Reason – conjunction of Moon and Rahu conjunction. Some movements from lower levels can be seen, but we may see pressure on upper levels. Emotions of the traders can be afflicted by a shadow of Rahu. Point of concern – will nifty breach 23000 and move towards lower side like 22500 or so. Planetary position is indicating – Casual traders – be careful and avoid a trap like situation. Chances of recovery from lower, but this may give opportunity to recover from loss by selling on upper levels. Anyways, regarding IT industry, it will be better to watch with care, keep a watch on AI related news (positive or negative), secondly, planning by our IT companies to move ahead from current situation. Banks and financial situation may give time to reconsider and restructure our investments in our stocks (related to banks and financial institutions). FIIs gives indications that weakness in our market may persist. Iran Israel war begins. Geo-political situation and inflation within the nation indicates pressure on the Nifty levels. US market is also under pressure, especially companies of AI were under pressure. Watch unconventional segments, banks and financial institutions, textiles, […]