This weekly market outlook provides a detailed analysis of the NIFTY 50 and BANKNIFTY indices for the trading week from 8 June to 12 June 2026. The projections are based on astrological market observations, planetary conjunctions, and anticipated intraday reversal timings. The report also highlights important support and resistance levels along with sector-specific opportunities.
Daily Market Sentiment Forecast
- 08-06-2026: Bullish D-9 conjunction with Moon in Paap Kartary. Positive market sentiment is expected. Reversal timings: 11:00, 13:10, 15:20.
- 09-06-2026: Bearish D-9 in opening session; market may recover in the second half due to bullish D-9 conjunction. Important reversal timings: 09:35, 11:00, 13:10, 15:20.
- 10-06-2026: Moon in bearish rashi, Pisces, but turning bullish through D-9 conjunction. Important Venus-Jupiter and Moon-Saturn conjunctions may create a reversal day. Intraday reversal timings: 10:50, 13:00, 15:10.
- 11-06-2026: Moon in bullish Aries with bullish D-9 conjunction. However, weaker Sublord Nakshatra strength may lead to high volatility. Reversal timings: 10:50, 13:00, 14:00, 15:10.
- 12-06-2026: Bearish D-9 in opening trade; market may recover during the second half due to bullish D-9 conjunction. Reversal timings: 10:50, 11:55, 12:50, 15:00.
Sector Outlook
On 9 June, Venus transitions into Cancer and forms a conjunction with Jupiter on 9th and 10th June. This planetary setup may provide temporary strength to beauty products, garments, banking, and pharmaceutical sectors. Investors and traders may witness short-term price appreciation in these industries.
NIFTY 50 Intraday Levels
| Intraday Support | Intraday Resistance |
| 23336 | 23396 |
| 23276 | 23456 |
| 23186 | 23546 |
| 23066 | 23666 |
| 22886 | 23846 |
| 22616 | 24116 |
| 22316 | 24416 |
| 21956 | 24776 |
| 21506 | 25226 |
| 21026 | 25706 |
| 20486 | 26246 |
Weekly Closing Level: 23366
BANKNIFTY Intraday Levels
| Intraday Support | Intraday Resistance |
| 54466 | 54526 |
| 54406 | 54586 |
| 54316 | 54676 |
| 54196 | 54796 |
| 54016 | 54976 |
| 53746 | 55246 |
| 53446 | 55546 |
| 53086 | 55906 |
| 52636 | 56356 |
| 52156 | 56836 |
| 51616 | 57376 |
| 50986 | 58006 |
| 50326 | 58666 |
| 49606 | 59386 |
| 48796 | 60196 |
| 47956 | 61036 |
| 47056 | 61936 |
Weekly Closing Level: 54496
Conclusion
The week from 8 June to 12 June 2026 is expected to remain highly dynamic with alternating bullish and bearish market phases. Traders should closely monitor the highlighted reversal timings for intraday opportunities. The banking and pharma sectors may outperform temporarily due to supportive Venus-Jupiter influences, while volatility could increase mid-week. Proper risk management and disciplined trading strategies are advised.
