Daily Forecast – Share Market – May 23rd, 2019

Positive movements Possible | Ups and down/Spike not surprising

Sun and Venus are controlling the day, with support of Mercury, Rahu and Jupiter (Rx). Indications are that Lord of Political leaders and leader of the horoscope of India are strongly controlling the day. I feel that market may show positive movements, as the day progresses. Mercury is out of total combustion, still is combust but improving position. So, I believe that market may show slow and gradual – possibly bit cautious moves. Growth will improve slowly and gradually.

Automobile, Infrastructure, reality related, construction and power related segments may be showing movements. I agree that Rahu may give some ups and downs or sudden moves or spike also. But it will be better to keep a watch on Political and GEO-Political situations. Foreign cues may influence the period.

Banks, financial institutions, spirit, alcohol and related segments, petroleum, gas, education and exchange and related segments may show movements. Chances of FMCG, pesticides and related sectors can be seen during the day.

Keep a close watch on Political activities and verbal + other types exchanges. After of Mars and Rahu have to show some impact.

For banks keep a close watch in their internal activities. Next 25 days important for at least anyone bank or more.

Indian Currency

Indian Rupee may trade in between 69.60 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.