Opposite to expectations, Venus sqr Mars was only a small blip on June 03 and now the market is strongly shifting in direction of the Solar sq. Mars facet of June 08/09.Solar squares Neptune on June 10 and Mars conjuncts with Neptune on June 12.
Neptune is all about dreaminess and being divorced from actuality.It represents drugged states of altered consciousness.Assumptions rule the roost proper now.
All markets are additionally on a excessive attributable to liquidity.There can’t be a actuality examine as a result of Pluto, Saturn, Jupiter and Venus are at the moment retrograde. They are going to be joined by Mercury which fits retrograde on June 18th.Neptune will be a part of the retrograde group by June 22,2020. Six planets will probably be retrograde!
When the dreamer goes retrograde, then a actuality examine could occur.Particularly with a Photo voltaic eclipse on the identical June 22, 2020.
We count on some revenue taking this week earlier than the markets transfer greater into the week of June 22, 2020.Not conducive for any shorts however for going lengthy after some revenue taking.
9850 is the help stage on Nifty futures beneath which extra weak point is anticipated. Speedy resistances to beat are at 10266 and 11023.
For Financial institution Nifty the instant hurdle is 21967, earlier cycle high.
Speaking of cycles, we’re within the second sub cycle of the brand new cycle which started on Could 18.
First sub cycle took 5 days and the present second one has taken 8 days to this point. Any day this sub cycle could begin topping out consistent with the cosmic facets.This second cycle was extra bullish than the flat first one. In truth Nifty took out the earlier cycle high solely on this sub cycle.
At present we proceed to count on the following sub cycle to even be a bullish one.
FIIs have been internet consumers within the Money Phase from Could 26 2020. From June 03, their purchase worth has began decreasing.
Mutual funds have been promoting largely, in June 2020.