Nifty Prediction : Range bound trade Possible | Trade may within (+/-) 50 Points

Daily Forecast – Share Market – May 3rd, 2019

Range bound trade Possible | Trade may within (+/-) 50 Points

Mercury with Venus is leading the day, with support of Mars and Jupiter. Mercury is close to change its sign and position. Indications are clear that Market may look to hold its position, impact of foreign trade, foreign cues, crude and currency may be seen during the day. Judiciary or some governing agency may be giving some decision, which may influence the market in the second half of the day.

Banks, financial institutions, education, IT, travels, Hotels, tourism, communication, entertainment, electronic and electrical segments with Petroleum marketing segments may be doing better. It will be better to keep a watch for automobile segment. Keep a close watch on automobile tyres, it may give an opportunity to buy at lower levels for good (heavy weight) companies.

Keep a watch on metals and infrastructure related segments.

Agriculture, sugar and fertilizer with agro-based segments may be looking better for coming period.

Indian Currency

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.

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