Daily Forecast – Share Market – May 11th, 2016

Market may be low | Can give an opportunity at lower levels

Venus is influential, but is heading for combustion position, getting support from Mercury still combust but coming out of combustion, Jupiter, Saturn and Sun. Indications are government decisions will be giving impact on the market. As it was mentioned yesterday’s post that lower level is 7750 of Nifty, so it may give negative opening and can give opportunity to buy at lower levels.

Range of the market is in between 7750 nifty point level to 8000 nifty levels.

Mercury is indicating that as on date banks may also be bit low. Pharmaceuticals will be better.

It will be wise to trade for good equities only. You can buy good companies at lower level.

Over all situation will also be depending on judiciary related decisions. Power and related segments will be better. Indian Rupee may also feel some pressure.

Crude and Gold may be positive.

Indian Currency

Indian Rupee may trade in between 66.30 to 67.00 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.