Daily Forecast – Share Market – May 15th, 2019

Sell on rise possible | Range bound trade Possible

Venus is controlling the day with support of Jupiter, Mars, Moon, Sun, Mercury and Ketu. Indications are that movements can be seen in various segments. Sun will be changing its sign and house. Lagna lord of horoscope is active and controlling, hence indicating that local political situation will be important apart from Geo-political/trade-war situation.

Indian currency is losing its control. Next government will get a chance to say that we got INR at such and such levels.

Even though some chances of Pull back (may be for small levels), but please trade with care. FIIs may look for the local market after some time, possibly after finalization of government.

Movements in Banks, Yes bank, financial institutions, (government agency’s involvement expected).

Paints, infrastructure, power, automobile segment (all on either side) because their lord is changing sign and house, unable to hold their positions. Transport, IT, communication, entertainment and related segments with instruments of communication and entertainment may be doing better. Electrical and electronics, copper etc. may show some movements. Crude may be playing important role for arresting prices of Petroleum products in local market. Petroleum marketing segments may be doing better.

It’s a time to invest in very good company’s only. Avoid long term investment for a while.

Trade may remain in the range of +/- 50 points.

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.