Nifty Prediction : Market may show Negative opening | Reversal moves expected
Daily Forecast – Share Market – May 16th, 2016
Market may show Negative opening | Reversal moves expected
Venus and sun are leading the day with support of Jupiter, Mercury and Saturn retrograde. Indications are that foreign cues or market may not be comfortable due to some or other reasons, but for India lord of share market is on date out of the shadow of Sun but still retrograde, indicating that market may further show some reversal moves may be 0.75 % (negative side), but other retrograde will not allow this market to set in one direction only, so will come up say for 100 nifty point level or so from the lower point level (but this can be reversed at any point level due to three retrograde planets).
It will be wise to keep a close watch on foreign market and trade carefully. 23-05-2016 onwards we may see some positive movements in bank related segment because Mercury will start transiting direct from that period. Market level on 23-05-2016 may come close to the levels of 29/30-04-2016.
Government may come up with some announcement etc. so, it will be better to keep a close touch with the same too.
Indian Rupee may trade in between 66.40 to 67.20 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