Nifty Prediction : Volatility not surprising | Trade with care in Automobile
Daily Forecast – Share Market – May 2nd, 2019
Volatility not surprising | Trade with care in Automobile
Mercury and Venus are controlling the day with support of Saturn, Mars and Jupiter. Two heavy planets are transiting retrograde. INR is improving its position. Market has opened after another day off, for two days of working only. It will be better to trade wisely for vehicles, crude and related segments. Volatile period possible.
Banks and financial institutions may be playing important role again for the day as it was on previous working day. Possibility of volatility during the trade. Pressure of foreign cues, investors etc. can be seen in coming period or will not be surprising for Nifty due to issues related to exchange.
Impact of giant companies can be seen.
Movements in banks, financial institutions, insurance, petroleum, foreign and related segments, agriculture and related segments may be showing movements.
IT, hotel segments, communication and related segments may be doing some better.
It will be better to trade according to the emotions and sentiment of the trade.
Indian Rupee may trade in between 69.00 to 70.00 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market