Nifty Prediction : Nifty may try to be close to 8000 Point level
Daily Forecast – Share Market – May 26th, 2016
Nifty may try to be close to 8000 Point level
Venus and Sun are leading the day with support of Mercury, Moon, Jupiter and retrograde Saturn. Indicating that market may be influenced with government’s announcements/ companies announcement (may be with results). Importantly Mercury is gaining its speed.
Banks and financial institutions may show some confidence with education etc.
I feel market may try to touch 8000 Nifty point level, but due to two retrograde planets, we have to be watchful for the lower levels of 7850 Nifty levels too.
IT, Communication, media, transport related segments with Travels and tourism may be better. Indications are that movements in maximum segments can be seen.
Engineering with infrastructure, power, agriculture related, food and related segments can be comfortable.
Retrograde planets may try to give sudden changes, but I feel overall situation may remain better than previous days. Nifty is indicating range in between 8000 and 7850 (during the day)
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.
Categories: Share Market