Nifty Prediction : Nifty may look for 10775 | Volatility not surprising

Daily Forecast – Share Market – May 11th, 2018

Nifty may look for 10775 | Volatility not surprising

Venus with Jupiter and in second half Saturn is in lead, well supported by Mars, Moon, Sun and Ketu. Indications are clear that movements in almost all segments can be seen. Few segments like construction are still under pressure but looking for a breakup in coming period.

Political impact of next working day may give some pressure (Karnataka elections).

Market may show positive movements and may look for 10775 levels. It will be better to be watchful with few banks. Education linked with IT, education related segments, automobile tyres, automobile ancillary units, paints, infrastructure, power, renewable energy etc. may be showing movements with auto index.

Fashion, FMCG, cosmetics, crude and related segments, communication, Textiles, paper, sugar, agriculture and engineering may be showing movements. It will be better to enjoy the day with movements.

Chance of volatility is also expected because of wobbling planets. Overall movements will be decent. Slow but gradual movements are always influential. Market may show some shaky movements by the end of day, due to political reasons.

Indian Currency

Indian Rupee may trade in between 66.60 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.


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