Daily Forecast – Share Market – May 12th, 2016

Market may show weak opening | Transaction may be low

Venus is leading with support of retrograde Saturn, retrograde and combust Mercury, Jupiter and Sun. Indications are that since Key planets related to share market and horoscope of India are combust or heading for total combustion, hence situation for the market is not comfortable. Either less number of transactions or lower side movement or both are expected.

Government’s steps are also not in a position to give any immediate support to the market or we can expect not supporting results from the companies etc. may be hurting sentiments of the market or in other words we can say that will not boost market.

It will be better to buy at lower levels and sell at upper levels. Global cues as well local cues are not so good to support properly this market.

Communication, IT, travels and touring with transport may be doing better.

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.