USA Stock Market
The stock market closed positive with volatility as per our expectations. S&P500 made a high of 3091 while DOW made a high of 25863 and NASDAQ made a high of 9691. RUSSELL made a high of 1431. Today as well, market shall continue to trade positive. On Thursday, more of bullish trend is indicated. Will S&P500 cross 3200 by 17th June 2020? It will not be surprising if S&P500 touches 3200 this week itself. On Friday, it is lunar eclipse and market may behave uncertain or witness profit booking at higher levels; market may even close bearish. On Monday, gap up opening is indicated. Best strategy is to keep the long positions till Thursday. On Friday, wait for lower level to accumulate longs. In next week, overall bullish trend is indicated. S&P500 has major support at 3030 and resistance at 3130.
Indian Stock Market
Indian market will have gap up opening in today’s session; trend shall be volatile to bullish. From 12.00 to 14.00 HRS, highly volatile trend is possible. From 14.00 HRS to closing, it’ll again trade bullish.
On Thursday, market will behave more positive.
Today, sectors such as metal, banking, finance, FMCG, automobile will outperform. SGX Nifty crossed the 10,000 mark. Nifty has next resistance at 10130. It may move up to 10200-10300.
Will Nifty cross 11,000 by 17 June 2020? Bank Nifty has support at 20,000 and resistance at 21,000.
We have been asking you to buy stocks and indices (since Nifty was at 7500).
Disclaimer: This is an astrology based prediction meant for educational purposes. Any trade in financial markets involves significant risk and an appropriate advisor can be consulted to assess the risk.