Daily Forecast – Share market on 18-06-2024
Nifty may look for 23550 or so | IT and Banks may remain interesting
Rahu with Moon leads the day, well supported by Mars, Jupiter, Mercury and Ketu. Importantly, lord of banks has moved in own house, will try to protect the assets of the house, that means may try to protect the levels of bank Nifty etc. But news from government or agencies or any declaration may have some impact on the banks and financial institutions. Remember, lord of leader of cabinet or lagna of India’s horoscope is engaged in planetary war with the lord of banks and share market. Here lord of banks and share market is defeated for the day.
Rahu and Ketu may give some sort of wave during the day (possibility), because Rahu and Ketu are in the house of share market (transiting). This may develop chances of wave in the share market. I can say some volatility also possible because tendency of Wave is ups and downs.
Crude oil may maintain around 81-84 USD in Brent.
Areas like Banks, financial institutions. IT, communication, non-traditional segments, issues related to education may give its impact, oil exploration, communication instruments this includes router, electronic components, metals, engineering and electronic manufacturing units, edible, keep a watch on insurance related segments and many more may be showing movements.
Keep a watch on FIIs, DIIs and other banking and financial movements. The market has already reacted to inflation overall, but ignored food inflation (I must say important the purpose of retail investors. They should be watchful from the surprise movements by big bulls on either side. This may include news from the government and their agencies.
Nifty may show + 100 points above the previous close. Trade deficit is increasing, despite of data for exports increased in past month (government data).
Nifty may look for another 100 points or so, with support of IT and related segments.
Indian Currency
Indian Rupee may trade in between 83.00 to 83.70 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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** Before investing or trading, check the technical aspects as well, which is a reading based on planetary movements
