Daily Forecast – Share Market – May 29th, 2018

Nifty may try to hold 10625 | + 50 point movement possible

Moon is in lead with Saturn, day is well supported by Venus, Sun, Jupiter and Rahu. Retrograde planet Saturn and Jupiter are active, whereas Rahu is also active. I agree that this may give some better period with some recovery and further movement. Nifty is positive, some out side impacts may cause of concern. Weather report and currency are supporting the day. Crude is also giving its impact.

Petroleum companies may be showing movements. IT may be waiting for their turn to show movements. Banks are showing they have booked NPAs and ready to move ahead. These issues were already considered by market on earlier occasion. I do not feel unexpected NPA or likewise situation will be highlighted before election.

Market is trying to form a base, so that future direction can be set for coming period after a fortnight.

Movements many segments are active in either of the direction, Rahu and retrograde planets are always sign of any directional moves or at times they can give unexpected and sudden movements. Pressure on upper levels possible. Nifty may try to hold 10625 level. Upper side movements can be further 50 points.

Indian Currency

Indian Rupee may trade in between 67.00 to 67.70 per USD.

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