2024-06-13 07:21:09 Nifty Prediction : Nifty range 23250 to 23450 | Risky zone entered for retail traders

2024-06-13 07:21:09 Nifty Prediction : Nifty range 23250 to 23450 | Risky zone entered for retail traders

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Daily Forecast – Share Market – June 13th, 2024
Nifty range 23250 to 23450 | Risky zone entered for retail traders
Mars with Moon leads the day, well supported by Jupiter, Mercury, Venus and Ketu. Indications from the lord of the share market and banks is totally combust. That means is not in a position to support the market. Whereas other planets are moving strongly. Foreign cues may be important. Time has come for the sell on upper levels). Nifty may head for new levels, according to the data by government, inflation has gone down, whereas practically, Food inflation was high and is high.
Watch finance and related segments with banks.
Nifty may look for another +100 points. I am surprised that market has not shown cut on upper levels. Only thing is – possibly due to repetition of same government and ministry of finance has given thrust to the market, but will this be good for Macro and micro economics (point of view). Market may sustain with this way for a certain period of time, but proper strength is always with help of strong economic, job opportunities, good purchasing capacity of middle class. If government has to feed more than 50% of population because of below poverty line, that means economic situation is alarming, because of poor per capita income, low chances of earning.
I hope during this period, basic economy will get a boost. Only on GDP data by government, may not be helpful. Possibly because of certain houses are enjoying benefits of GDP. Low exports, which means trade deficits.
Anyways, todays market may show upside movements, because of biggies, that means sudden dips at any time from upper levels at any unexpected time is possible. Trade with strict stoploss. Stoploss at 23250 will be better.
All the segments may be showing movements. I am watchful for banks and financial institutions. That include FIIs and DIIs. IT, automobile, defence, metals, FMCG, cotton, power, petroleum, crude oil exploration, lubricants, logistics and many more may show movements.
Nifty may remain within the range of 23450 and on the lower side may remain 23200. INR is losing its base.
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

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