Nifty Prediction : Range bound trade possible | Sudden movements possible

Daily Forecast – Share Market – May 23rd, 2018

Range bound trade possible | Sudden movements possible

Venus is leading with Sun, supported by Saturn, Jupiter, Moon and Rahu. Indications are that leader of the nation may try to give some confidence or strength to the activities, but other three important planets Jupiter, Saturn and Rahu may not allow strong position during the day. Opening may be possibly flat. Trade may also remain range bound. Possibly trying to form its base for the coming period.

Trade may remain within 10500 to 10575 of Nifty levels. Trade is not allowing to invest for long term. Banks may give opportunity at lower levels in coming period.

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.

Trade with care.

Indian Currency

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.

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