Nifty Prediction : Opening may be bit weak | Purchase will be better when market moves up
Daily Forecast – Share Market – May 6th, 2016
Opening may be bit weak | Purchase will be better when market moves up
Venus is leading the day, which is not retrograde but heading for combustion, with support of Jupiter, Saturn, Sun and Mercury. Indications are that government is heading for some policy, which may help business related/nations related issues, government is in strength but supporting planets (majority) are retrograde and not that much supportive, opposition may have to be back-foot due to some or other reasons. Even though disturbance in process is unavoidable.
I feel perfumes, garments, or fashion/style statement related segments will be doing better. Because of maximum retrograde planets, I feel market may show reversal moves but due to strength of Venus may not allow to go beyond 1% slide. It may be range bound market 7675 nifty points to 7850 nifty point levels.
Ready-made garments may show some moves with vehicles (may be two wheeler), gold, leather etc. may be showing some movements.
It will be better to buy when market start moving above, so that one chance of booking profit at upper level/ or on slide.
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