Nifty Prediction : Foreign cues will be important for Opening which may be Positive

Daily Forecast – Share Market – April 28th, 2016

Foreign cues will be important for Opening which may be Positive

Venus and Sun are leading the day with support of Ketu, Mercury, Jupiter and Saturn. Mercury is transiting at close to minimum speed for us, because after closing the market will start transiting retrograde. Indicating that local market will be not giving much guidance, rather cues from foreign markets may be giving much clear guidance.

Opening of the market will be better due to foreign cues. I have mentioned in my yesterdays’ post that market may touch 8025 Nifty point level. Mercury will be retrograde after the close of market, so may give the different trend from tomorrow for a while, this trend may be different from the trend market may show at the time of closing.

Petroleum is still showing some movements and crude is strong. This trend may be different after May 7th, 2016.

We may see some movements in IT, communication, transport and infrastructure or it will be better to say that maximum of the segments because six planets are involved during the day.

Indian Currency

Indian Rupee may trade in between 66.20 to 66.90 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.

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