Nifty Prediction : Possible Watchful for Upper levels | Trade volumes watchful
Daily Forecast – Share Market – May 21st, 2019
Possible Watchful for Upper levels | Trade volumes watchful
Venus, Sun and Ketu are leading the day with support of Mercury, Jupiter and Rahu. Mercury is heading for total combustion; impact is possible near by the closing bell of the day. That mean some shadow is possible for share market and bank etc. Geo-political and local political situations may be playing key role for the trading purpose.
Political Hulchul can be seen during the day, and few another political parties may look to extend support to the current ruling party alliance.
Previous working was based to the Exit poll results and today market may show some run up and influence of Rahu and Ketu, with the combust Mercury, possibly some profit booking can be seen on upper levels. After that market may prefer to wait for 23-05-2019. Venus is indicating that strength of the government is possibly intact, because of the strength of the lord of horoscope and no affliction on the lord.
Since, many planets are active, so, movements can be seen in various segments too.
Banks and financial segment may be showing better movement from the 02-06-2019 or can be intact to protect their positions.
Point of concern will be currency and geo-political / global trade situation. Issues related to states or regional may be under control from third week of June. But issue with neighbour(s) may be bit tough.
Infrastructure, automobile, power, paint etc. may show some movements with electrical and electronics, alcohol and related segments, ready-made garments, cotton, FMCG, bacterial based segments, Jewellery, Gems and related segments, dressing materials and other entertainment instruments with communication instrument can show some movements.
Metals and related segments may be showing movements but impact of foreign issues can be seen during the day. Important is results and output from the companies. So, look for good companies only.
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