Nifty Prediction : Nifty may show positive moves | Keep watch for Banks

Daily Forecast – Share Market – May 31st, 2018

Nifty may show positive moves | Keep watch for Banks

Moon is leading, with support of Sun, Ketu, Rahu, Venus, Saturn (Rx) and Jupiter (Rx). Indications are that market may look forward and try for next move – means may look for 10675 (+). Movements may be better. Due to combination of Ketu and Rahu it may give some hiccups at times (possibility), over all situation for the day may be decent.

Building related, infrastructure, power, metals and related segments may be in better position, it will be better to look for positive attitude. I feel for the time being market has formed its base.

Spirit, alcohol, textiles, cotton, silk, fabric, ready-made garments, sugar, banks for the next coming period may be doing better. Indications for engineering, crude based segments and other areas may be doing better.

Carbon black, rubber and related areas may be doing better. Seven out of nine planets are active – indicating that movements will be there.

Trade may be healthy.

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.

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