Nifty Prediction : Positive movement Possible | FIIs and Foreign cues Important

Daily Forecast – Share Market – April 28th, 2020

Positive movement Possible | FIIs and Foreign cues Important

Ketu with Mars, Sun controls the day with support of Rahu and Venus. Combination of Mars with Jupiter and Saturn gives a different touch to the planetary movements. Mars is enjoying exaltation and achieving total exaltation in coming days.

Crude has yielded 70-75 years levels. This may help economical advantage in the reference of out flow of USD. But importantly, currently consumption of Diesel and Petrol is exceptionally low. Storage capacity is another reason that’s why rates of Crude is falling.

Global cues may be helping to trade positively during the day. Banks are in better position, because they have not passed on advantages provided by RBI, to support customers.

I feel that in coming period RIL may come in connection with some other global giants. It will be better to keep a watch on this – coming months (even may be after lockdown era).

Reason is that foreign companies may be looking for strong collaborators in India, if they intend to move in India, from China.

Banks, financial institution, cement, automobile, or related segments, chemicals, laboratory, alcohol, sugar, Paper, textiles and many more may be showing movements. Health care insurance and cotton or related segments with communication instruments may show some movements.

I believe that market may show some better movements. Keep a watch on Global cues and FIIs. News from local issues will also be important.

Indian Currency

Indian Rupee may trade in between 75.70 to 76.70 per USD.

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

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