Daily Forecast – Share Market – May 22nd, 2018

Nifty may try to hold 10500 | Volatility possible | Pressure possible

Venus and Sun are leading the day, with support of Ketu, Rahu, Moon, Saturn and Jupiter. Indications are that Saturn and Jupiter are retrograde and Rahu will play its role, hence market may show wobbling/volatility etc. Venus and Sun may try to hold this market and try to protect 10500-point levels. Pressure at 10560 can be seen.

I am still careful about banks, for intraday traders, if they can trade intelligently, possibility of making money from selling on upper levels and buying at lower levels etc.

Still, period is not decent for the casual traders. Only hardcore traders may enjoy the day. It will be better to trade with care and guards.

Movements can be seen in almost all the segments. Trading in IT, communication and other segments can be seen on either side. Only Mercury and Mars are not active, so we can believe that infrastructure, construction related, pharmaceuticals, cotton, silk, FMCG, Leather, carbon black, automobile tyres and so many other sectors may remain active on either side.

Concerned issues – crude/petroleum and currency. INR is heading for upper levels – I mean if it will touch 69, I will not be surprised.

Indian Currency

Indian Rupee may trade in between 67.80 to 68.70 per USD.

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