Nifty Prediction : Market may show better opening | Still range bound trend can be seen from 7700-7850 Nifty

Daily Forecast – Share Market – May 23rd, 2016

Market may show better opening | Still range bound trend can be seen from 7700-7850 Nifty

Venus, Sun and Mercury are leading the day with support of Jupiter and retrograde Saturn. Mercury is at the low speed but started transiting direct, Venus is heading for total combustion position. I believe due to direct transit of Mercury, we may see some better results and market may try to come to better levels. Since two major planets are retrograde hence may try to reverse the direction of the market, so it will be better to trade carefully.

Metals related, companies may be doing bit better. Engineering and related segments may be giving better results. Communication, sea and Shipping related, with insurance, media, transport may be doing better.

Sugar, eatables and food related segments may be doing better.

Indian Currency

Indian Rupee may trade in between 66.90 to 67.80 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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