Daily Forecast – Share Market – May 16th, 2019

Sell on rise possible | Nifty may look for 11100 to 11200

Venus with Mars is controlling the day, and well supported by Sun, Jupiter (Rx), Mercury and Ketu. Possibility of Volatility is quitter possible. Impact of FIIs, foreign issues, local political issues may impact during the day. We must keep a watch on Political (Local and geo-political) situations, closely.

Exchange of harsh words and Political Jugal-bandi may be looking for a change. Confusion is developed.

Market is looking to trade within range of 11100 to 11250 for a while. It will be better to guard your day properly. Banking issues and financial segments may be further influencing the trade along with slowdown in the consumption and accordingly related segments like Production too.

For any pull back, be prepared for profit bookings. Market is under pressure. In coming days, if will touch 11000 of Nifty points – not surprising.

Power, automobile related segments, electrical and electronics, Petroleum segments may remain active with FMCG and other segments.

Trade with care – even for intraday traders.

Indian Currency

Indian Rupee may trade in between 69.80 to 70.60 per USD.

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