Nifty Prediction : Profit bookings on Upper levels | Nifty 10750 not surprising | Sudden change possible
Daily Forecast – Share Market – May 16th, 2018
Profit bookings on Upper levels | Nifty 10750 not surprising | Sudden change possible
Sun and Moon are leading the day, well supported by retrograde Saturn and Jupiter + Venus, Mars and Ketu. Indications are that due to political situation or reasons, market may be bit disturbed, but it’s a regular feature. Possibility of profit booking from upper levels, with cautious movements. Emotions of the trade will look opportunities to regain its position.
Currency is bit weak.
Movements in almost all segments will be seen. Engineering, electrical and electronics, IT, communication instruments, textiles, pharmaceuticals, cotton, silk etc. may be showing movements with crude, petroleum, paper, infrastructure, power and Vehicles etc.
Keep a close watch on political movements, chances of sudden upward movements possible.
Indian Rupee may trade in between 67.70 to 68.40 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