Nifty Prediction : Nifty may show lower levels for buying| Book Profit as and when required

Daily Forecast – Share Market – May 2nd, 2016

Nifty may show lower levels for buying| Book Profit as and when required

Four planets are retrograde and two planets are combust. Market will be controlled by Venus which has started to be combust and well support retrograde Jupiter, Saturn, Mercury (heading for combustion position), Sun, Rahu and Ketu. Confirming that market may be interested to show reversal moves at any stage and in any segment. Rahu and Ketu are confirming uncertainty in the market. Venus has moved in combustion degrees, indicating that direction from the government side will also be not so strong. Result is Market may also open with negative sentiment (Mercury lord of share market and banks is retrograde and heading for combustion.

If market may break down to 7725 level, then I will not be surprised. Upper level can be 7900 nifty level. Mercury is indicating for weakness in banks too.

Aviation/transport and travels with communication may be showing movements during the day, with petroleum, ready-made garments, cotton and cotton garments too.

Sudden changes are expected. Global cues and local cues may not be convincing or able to give proper direction to the market due to four retrograde planets.

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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