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 lazy. Stop-loss at 23450 will be better. Nifty may try for 23600.
Indian Currency
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** Before investing or trading, check the technical aspects as well, which is a reading based on planetary movements
