Nifty Prediction : Market is deceptive | Ready to show lower levels in coming period

Daily Forecast – Share Market – May 5th, 2016

Market is deceptive | Ready to show lower levels in coming period

Venus and Mercury are leading first half of the day and then market will be led by Venus and Ketu (from 13:17 Hrs (IST), with the support of Jupiter, Sun and Saturn. Again retrograde planets are in force + Jupiter is losing its speed and Mercury and Venus are heading for their combustion position.

Market is deceptive, will reverse from any level, if market will open with positive touch then may show further down level. Otherwise market may show new range of 7600 nifty point level to 7850 Nifty levels.

Power may show some movements. Crude and insurance companies may show some movements, but I will like to be watchful for ports and other sea related segments. Ups and downs are possible.

Ready-made garments with textiles may show some movements. Paper, chemicals etc. with electrical products (new technology/electronic or ions based) may be better.

Keep a close watch of global cues, because our own cues are not nicely responding.

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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