Daily Forecast – Share Market – May 17th, 2018

Nifty may trade in between 10700 to 10795 | Volatility possible

Sun with Mars leading the day, supported by Mon, Ketu, Venus, retrograde Jupiter and retrograde Saturn. Indicating political issues are not settled yet, indicating some wobbling in the market. Even though gains can be seen but with conservative movements or may be slow/shy movements. Judiciary is important, but lord of Judiciary is retrograde, pressure from both sides can be seen.

Movements in seven planets is seen, indicating that around 70-80% of segments are influenced due to this political movements and influencing market. Traders are trying to hold their guards carefully. Traders have to wait for fortnight (approx.) for the proper trading ways.

Engineering, electrical and electronics, vehicles, automobile and related segments may be showing their movements, textiles, pharmaceuticals, cotton, silk etc. may be showing movements with crude, petroleum, paper, infrastructure etc.

Keep a close watch on political movements, chances of sudden upward movements possible. It will be better to look for banks at lower rates, for the period after fortnight.

Indian Currency

Indian Rupee may trade in between 67.40 to 68.10 per USD.

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