Daily Forecast – Share Market – May 21st, 2018

Volatile Market possible | Nifty may try to hold 10550

Venus and Sun are leading the day with support of Rahu, Moon, Saturn, Jupiter and Mercury. Political and geo-political issues may show impact on the market trend. Pressure is possible on the current levels. If any correction will not surprise me. Nifty may look for 10550. Simply I can say +/- 50 points for Nifty possible. Volatility can be seen.

Crude and currency are another important issue to influence local market.

Movements in many segments can be seen, that is not important. I feel traders should be watchful during this period. Period is for only hardcore traders.

I feel that Textiles, IT, communication, banks, crude, petroleum, steel, better to say metal may show impact on the trade. Infrastructure, power, insurance and sea related segments may show movements.

I feel that many segments may be showing movements inclusive of alcohol, carbon black too (but on either side).

Indian Currency

Indian Rupee may trade in between 67.40 to 68.20 per USD.

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