Nifty Prediction : Market may open close to the previous levels | Sudden changes expected
Daily Forecast – Share Market – May 10th, 2016
Market may open close to the previous levels | Sudden changes expected
Venus is playing important role during the day, with support of Rahu, Jupiter, Saturn and Mercury. Venus represents strength of the government, but other planets like Mercury (which is coming out of total combustion position), Jupiter has just started transiting direct and retrograde Saturn. Indications are that Market may set new range for its trading. Possibly slowly and gradually may come closer to 8000 nifty point level and lower is still 7750 Nifty point level.
Mercury is indicating that share market may not be showing strength to move up for a while, because is within 1 degree range of Sun. Tomorrow onwards Mercury will gain some strength but transiting retrograde along with Saturn and Mars, so will time to time show reversal moves.
Today market may change its direction at any level, because of Rahu.
If it will open positive or close to neutral zone, in either of case reversal of market movement is possible.
Perfumes and related segments may be better, Jewellery etc. may show some positive moves in coming days with sea and shipping related segments.
Indian Rupee may trade in between 66.30 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