Daily Forecast – Share Market – May 18th, 2016

Can give opportunity to Buy at lower levels | Reversal Moves also expected

Venus with Sun are in lead for the day, but importance of all the three retrograde planets can be seen during the day, may be from opening of the market. That means reversal moves which were started yesterday can show negative opening.

Mars is indicating that cues from foreign trades will give impact on local market.

IT, communication, aviation/transport and media etc. can be doing better among all.

Market may give an opportunity to buy at lower levels. It will be better to look forward for good equities at lower levels for short term gains. Mercury has started slowing down its speed for us. So, its impact will be low.

Local issues are not much supportive, except some news from the government may give encouragement to any sector.

It’s a trend that all segments will give movements in either side, because trend of the market is in range.

Cues from US and China may not be supportive to local market.

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.