Daily Forecast – Share Market – May – 12th, 2017

Nifty may be in the range of 9450 to 9350 | Consolidation possible

Ketu, Moon and Saturn are leading the day with support of Mars and Sun. Indications are that market may revolve close to the previous values. Or I can say that values may look for consolidation for the day.

We may see impact of foreign cues, political movements may be high, but will give impact on the market may be bit doubtful. Emotion of the market may be positive, but movement will be not so high in values. Volume wise, we may see movements.

Banks and financial institutions are still playing important role. This may not be good for public but for traders may be better.

Leaf based products with dairy products, agriculture and related segments and produces may be doing better. I will look for textiles, garments, silk and biotechnology or bacteria based products, health care etc.

Infrastructure, power, vehicles and related segments like batteries, ancillary and automobile tyres may be doing better.

Market is looking for new direction, so it will be better to be careful.

Indian Currency

Indian Rupee may trade in between 64.30 to 64.90 per USD.

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