Nifty Prediction : Market is in Positive mood | May give opportunity to buy at lower levels

Daily Forecast – Share Market – May 17th, 2016

Market is in Positive mood | May give opportunity to buy at lower levels

Venus and Sun are leading the day with support of Jupiter, Saturn, Moon and Mercury. Indications are that market is looking forward but due to three retrograde planets time to time reversal moves are reverting the direction of market in either side. That’s why market is trading in range of 7750 to 7950 (or so) Nifty point level. Today again market is looking to start in one direction and then reversal. It can give chances to buy at lower level and then sell at upper levels.

Jupiter is indicating that crude/sea related/insurance etc. can be doing better.  Infrastructure, power and related segments may be better

Leather related segment will be doing better with chemicals, sugar and fertilizer etc. Since, six planets are involved during the day, hence market may show movements in many segments (in either side).

Keep a close watch on government’s announcement to boost any segment.

Indian Currency

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.

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