Nifty Prediction : Nifty may further go down by 1.5 % | Reversal moves from any direction possible
Daily Forecast – Share Market – May 4th, 2016
Nifty may further go down by 1.5 % | Reversal moves from any direction possible
Four retrograde planets and Jupiter is slowing down its speed for us, Mercury and Venus are heading for combustion position. Indications are that planetary position is not strong for the few days. Lord of gains and loss is slowing down its speed, lord of share market is heading for combustion. I feel market is heading for further lower levels. It will be better to book profit either on rise or as and when required.
I feel due to some weak stepping or slow stepping by government we may see negative impact on the market.
Agriculture, sugar, pharmaceuticals, with infrastructure will be doing some better. Overall position is not comfortable. Textiles, readymade garments and silk can be better.
Market may show further 1.5 % drop from the current levels. We may see reversal moves from any level because all main planets are retrograde. That means from slide to upward or up to down can be possible during the next few days.
Unexpected moves are possible.
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.
Categories: Share Market