Daily Forecast – Share Market – May 14th, 2019

Pressure Possible | Nifty may threaten 11100

Venus and Sun are leading the day with support of Ketu, Mars, Jupiter and Mercury. Foreign cues, geo-political situation, as well local political ‘Utha-Patak’ prior to the final round of election and last week for the results. Few Planets are indicating chances of buying at lower levels but foreign cues, geo-political situation and FIIs are not encouraging for a while. Out siders are waiting to settle down Political results.

Sun is close to changing its sign. Pressure on INR is clear. Crude will further be in pressure, resulting better for the Petroleum based products.

Movements in automobile, electrical and electronics, communication instruments, PSU sectors, banking and financial institutions etc. FMCG, education etc. may be showing volatile movements. Possibly due to some or other reasons.

If Nifty will breach 11100 levels or touch 11000 levels in coming period – will not surprise me. Chances of small pull back is also possible.

Indian Currency

Indian Rupee may trade in between 70.10 to 71.00 per USD.

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