Nifty Prediction : Range bound trade | Pressure may be seen

Daily Forecast – Share Market – May 3rd, 2016

Range bound trade | Pressure may be seen

Jupiter retrograde and Venus which is heading for combustion are leading the day with support of Ketu, Sun, Saturn and retrograde Mercury which is also heading for combustion. Indications are that market is ready to show reversal moves from any direction – confirming range bound movements. This may be from 7725 to 7900 nifty level. Jupiter is also slowing down its speed for us, because after 4 days will start transiting direct.

I feel Health care related, pharmaceuticals, vehicles, power and infrastructure can be better. Crude and petroleum can show movements with insurance, but it will be interesting to see crude etc. next week onwards.

Electrical and electronics may not be doing better as banks may be weak

I will like to follow wait and watch as a normal trader, for aggressive traders it will be better to trade wisely.

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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