Daily Forecast – Share Market – May 6th, 2019

Foreign cues important | Selling at upper levels Possible | Pressure at 11700

Venus and Mercury are in command with Sun, Mars, Ketu and Jupiter retrograde. Indicating that crude may be on the reversal moves. Banks, financial institutions with INR may be doing better or remain active during the day.

Pressure due to foreign cues possible

Action can be seen issues related to foreign nations, foreign cues, issues not related to market directly. IT, communication, media, Petroleum, chemicals with infrastructure etc. may be showing impact on the market.

Issues related to Political parties’ partnerships (direct or indications) can be seen. At times extreme of negative energy is also possible. Which may directly or indirectly influence few segments/groups.

Pressure can be seen in the opening session and possibly during the day. Pressure at 11700 can be seen.

Trade with care. Wait for long term investments. If required book profit on upper levels. Better opportunities may be after a fortnight.

Nifty may trade within the range of +/- 50 Point levels.

Possibility of recovery at lower levels, selling on upper levels.

Indian Currency

Indian Rupee may trade in between 68.60 to 69.50 per USD.

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