Nifty Prediction : Market may be under Pressure | Keep a watch on Government’s announcements
Daily Forecast – Share Market – May 13th, 2016
Market may be under Pressure | Keep a watch on Government’s announcements
Venus and Mercury are leading the day, but they are involved in planetary war and lord of share market is defeated in this war. Indicating that as I have mentioned in my post of 12-05-2016, “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.”
I feel market may feel pressure due to some or other reasons or due to government’s policy announcement etc. Judiciary decisions will also be influencing few segments.
Communication, IT, travels, media and touring & travels with transport may be doing better. Fertilizer, paper, sugar and chemicals can be doing some better or in coming days. FMCG, edible products will in move.
Government or leader of government may be under pressure in coming days, so it will be important in coming days.
Market is setting new range for the market 7800 Nifty point level to 7950 nifty point level.
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