Daily Forecast – Share Market – May 24th, 2016

Opportunity to buy at lower levels for short term may be possible

Venus, Sun are leading the day with support of improving Mercury, Ketu, Jupiter and Saturn which is transiting retrograde. Mars is also transiting retrograde. Indications are due to slow movements in the beginning of the market, we may see some pressure on the market, which may give opportunity to buy at lower levels, because market is trading in range bound status. Ketu, with support of Saturn retrograde will change the direction of the market. Ketu can give deceptive moves at any stage.

We may see movements in Pharmaceuticals, Bio-chemicals, ready-made garments, with fertilizer and power etc.

Crude and IT with communication, media and travels related segments may be showing some pressure. But for Petro-related segments may be doing bit better.

Venus is indicating its strength even though is close to total combustion stage, which may give some pressure on government and influence share market in coming days or government may be under pressure for few days etc.

Keep a close watch on decision by Judiciary.

Indian Rupee may feel some pressure.

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.