Daily Forecast – Share Market – May 2nd, 2018

Nifty may look for 50 Point movement | Trade with stop loss

Venus, Moon and Saturn are in lead with support of Jupiter, Mercury and Sun. Indications are that market will be well protected by its lord and may show some positive moves. Since, Mars is on the edge of changing its house and sign, so some changes in the second half of the day of trading will not be surprising. Nifty may be looking for further 50 point movements. Trade with the stop-loss of -50 point in Nifty.

I feel that Banks, engineering, textiles, paper, automobile segments (inclusive of automobile tyres), infrastructure, construction and FMCG with cosmetics will be in better mood. IT, communication, travels and tours with logistics may be doing satisfactory movements. Health care – it will be better to trade with care in this segment.

Education, sports and Jewellery may be doing decent.

Crude and petroleum are to be watched, this may give some impact on the share market.

Indian Currency

Indian Rupee may trade in between 66.50 to 66.30 per USD.

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