Nifty Prediction : Volatility Possible | Profit bookings at upper levels
Daily Forecast – Share Market – May 17th, 2018
Volatility Possible | Profit bookings at upper levels
Venus us leading the day with support of Sun, Rahu, Mars, Ketu, Mercury and Jupiter (retrograde). Mercury is only 5 degree and 18 mins away from Sun, giving impact on movements in trades, also indicating impact on banks and financial institutions etc. Rahu and Ketu – this combination, normally gives ups and downs, volatile market. Impact of global issues and local issues (political and financials of companies) are playing key role during this period.
Last session before Exit Polls – chances of Profit bookings at upper levels.
Banks are coming out with their weaknesses or losses, due to some or other reasons. I hope, once their errors are identified, in future betterment of such issues can be done.
Movements in many segments can be seen during the day. Because directly 7 out of 9 planets are active. Action can be seen in automobile segment, including companies like MRF too.
It’s a time to invest in good companies only.
Activities in wine, spirit, FMCG, aviation (either side), crude – petroleum segment, government agencies announcement in coming period may be again important.
It will be better to trade with care for the last week before the 23-05-2019
Indian Rupee may trade in between 69.70 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.
Categories: Share Market