Nifty Prediction : Market looking for movements | Range between 10750 to 10875
Daily Forecast – Share Market – May 15th, 2018
Market looking for movements | Range between 10750 to 10875
Venus and Sun are leading the day with support of Ketu, Mars, Saturn, Jupiter and Moon. Currency, Political issues may be key for the opening of share market and trading during the day. I feel, market may look bit positive due to ministerial impact, but impact of currency can be seen in coming days. Today, possibly opening may be close to the previous day’s closing. But market may look to regain its position in coming period. 10900 may be range for coming period. Impact of Karnataka election can be seen, but it’s a regular feature in Indian Politics (too go for election every after few months), so market is trading with care but habituated of these activities unless anything surprising.
Movements in various segments can be seen. Petroleum and crude will be playing important role with Currency.
Vehicle or better to say commercial vehicles, automobile segment, power, infrastructure and dairy products with IT, communication will be showing movements on either side. Almost all segments are active. Banks are also active, may be either side.
Trade wisely for the day. Market seems to be under control.
Indian Rupee may trade in between 67.20 to 68.00 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market