Positive Trends in USA and Indian Stock Markets: Market Analysis June 2020

The stock market closed positively with volatility as expected. S&P500, DOW, NASDAQ, and RUSSELL all made significant highs in the previous session. The market is expected to continue trading positively today, with Thursday indicating a more bullish trend. There’s speculation whether the S&P500 will cross 3200 by June 17, 2020. On Friday, a lunar eclipse may induce uncertainty or profit booking, possibly resulting in a bearish close. However, a gap-up opening is indicated for Monday. Holding long positions until Thursday is advised, with an opportunity to accumulate longs on Friday. Overall, a bullish trend is anticipated for the next week.

USA and Indian Stock Markets : Indian Stock Market

The Indian market is poised for a gap-up opening today, with a volatile to bullish trend expected. The market may experience high volatility from 12:00 to 14:00 HRS, followed by another bullish phase till closing. Thursday’s market is anticipated to be even more positive.

Sectors such as metal, banking, finance, FMCG, and automobile are expected to outperform today. SGX Nifty has crossed the 10,000 mark, with the next resistance at 10130. Nifty may rise to levels of 10200-10300. Speculation surrounds whether Nifty will surpass 11,000 by June 17, 2020. Bank Nifty has support at 20,000 and resistance at 21,000.

We have been consistently recommending buying stocks and indices since Nifty was at 7500.

Disclaimer: This prediction is based on astrology and is intended for educational purposes only. Trading in financial markets carries significant risk, and it is advisable to consult a financial advisor to assess risk.

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