Daily Forecast – Share Market – May 9th, 2019

Trade may be in the range of 11330 to 11420 | Volatility expected

Venus and Mercury with Rahu, Ketu, Jupiter retrograde and Mars are controlling the day. Pressure from local political issues and geo-political conditions are not allowing market to be stable. We are heading for the last two phases of election, and impact of the results will be seen in coming period.

Political situation is not stable, war of words is going to be sharper or better to say losing ground. Judiciary’s decision or any agency’s decision may be further giving impact on the trade or market. It will be better to guard your trade with care.

Volatility is possible. Keep an eye on investment by companies in various companies or ties among different global companies, which may give trading advantage to companies in IT or automobile. Trade with care.

Possibility of buying at lower levels for a while. Which may give Volatility. Closing may give some different view in the trade or for market.

Trade may be in the range of 11330 to 11420. Trade with care for closing. Crude may further show some pressure, which may give advantage to Petroleum marketing companies.

Indian Currency

Indian Rupee may trade in between 69.50 to 70.40 per USD.

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