Daily Forecast – Share Market – May 9th, 2018

Nifty Trying to hold 10700 | Looking for 10760

Venus is leading the day with support of Mars, Moon, Saturn, Jupiter, Mercury and Rahu. Seven planets are active during the day, which means majority of segments may remain active during the day (either side). Nifty is trying to hold 10700, Rahu may give some volatility, whereas other planets may try to give a support to the market. Impact of crude and geo-political condition, as well elections in Karnataka can be seen during the period.

Banks and financial institutions are holding their positions, as well Mercury is changing its house and sign after closing hour, so we may see closing impact or opening impact on next working day in the market.

Textiles, agriculture, paper, textiles, drugs, dairy based, IT, communication, logistics and travels/hotels/travel bags manufacturing companies, sports goods, education etc. may be active during the day.

Leaf based segments like tea etc. with aviation, alcohol, electrical equipment manufacturing segments, electrical and electronics, defence based segments are looking for a movement.

Nifty looking to hold 10700 and chance to touch 10760.

Indian Currency

Indian Rupee may trade in between 66.70 to 67.40 per USD.

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