Daily Forecast – Share Market – May 31st, 2019

Nifty may look for 12000 | Sudden volatility or Spike possible

Venus is leading the day with support of Moon, Mars, Rahu, Jupiter, Mercury and Ketu. Seven planets are directly active. Mercury and Jupiter will be at the same degrees at the time of beginning of market. Indications are that market may look for upper levels. Combination of Rahu and Ketu can deliver some unexpected trend also. Jupiter retrograde is controlling crude oil prices and further may be bit lower.

Petroleum marketing companies may be doing better. Impact of formation of government can be seen during the day. Possibly, opening may give some upper values or may touch 12000 of Nifty point levels.

International issues may be influencing the market. Global trade issues are not comfortable and may further be bit disturbing for next 15-20 days.

Coming period will be doing better for banks and financial institutions, it will be better to look for opportunities at lower levels. IT, communication, logistics, aviation, leaf-based segments like tea, electronic and electrical goods, capital goods, non-traditional segments may be showing movements. Look forward. Gold and silver may also be showing action.

Action from government side can be seen from the coming week. Strength of the government will be seen in coming months.

Market may look for further upper levels in coming period.

Indian Currency

Indian Rupee may trade in between 69.30 to 70.20 per USD.

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