Daily Forecast – Share Market – May 31st, 2016

Market may try to hang around 8200 Nifty point level

Venus is leading the day with Moon and Saturn, but Jupiter and Mercury are also supporting these planets. Saturn is retrograde and Venus is heading for total combustion. Indications are that market is positive but looking for some cues too. Hence, we can see some slow but positive opening, probably market may give some chance to buy at lower rates or better to say – look for the opportunities at lower or better levels.

Only statements are from the government side are expected, if any concrete decision (which is not possible as on date) comes, only then market will be on run. I will like to be watchful during the period. Market as on date is trying to hang around 8200 Nifty point levels.

Banks with financial institutions may be doing better with engineering, fertilizer, infrastructure etc.

Movements may be under control due to Venus.

Crude may show some pressure, but petroleum marketing companies may be doing better, with pharmaceuticals and Vehicles etc.

Indian Currency

Indian Rupee may trade in between 66.80 to 67.60 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.