Nifty Prediction : Buying at lower levels | Recovery possible | Be careful about long

Daily Forecast – Share Market – May 7th, 2019

Buying at lower levels | Recovery possible | Be careful about long

Venus and Mercury with support of Moon, Mars, Jupiter and Ketu are controlling the day. Mars has changed its position and moved with Rahu in Gemini sign. Indications are that foreign cues/Expenses(losses) may be playing some important role for banks etc. Even then possibility of some buying at lower levels in various segments.

Look for opportunities at lower levels for good companies, otherwise may give some trouble after some time. Keep your funds ready for the coming period. Long investments (only in very good companies).

Banks, financial institutions, IT, communication, Petroleum, Jewellery, Gold and related segments like entertainment, communication, electrical and electronics, silk, readymade garments. Foreign cues will be important.

Chances of buying at lower levels. Drugs, chemicals, dairy segments, transport and related areas may show some movements.

Trade with care for long term.

Indian Currency

Indian Rupee may trade in between 68.70 to 69.60 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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