Nifty Prediction : Foreign cues important | Buying from low | Volatility Possible

Daily Forecast – Share Market – May 5th, 2020

Foreign cues important | Buying from low | Volatility Possible

Mars with Sun and Venus is leading the day, with support of Moon and Ketu. Global cues and local activities may be influencing the market. Volatility and buying from local levels possible. Activities of Mars is clearly indicating that impact of foreign market or cues will be especially important, even in coming days also. Since, Mercury is trying to come out of total combustion, so may give buying from lower levels or may handle to hold levels at lower levels and Volatility can be possible.

Crude is gearing up, indicating some recovery. Let us see crude when Jupiter will start transiting retrograding. Important is that no one can give clear idea about the situation of global economy.

Alcohol, spirit, wine, and related segments may be showing movements along with tobacco, cigarettes etc. may be doing bit better.

Banks and financial institutions may be doing better in coming period. Pharmaceuticals and some electronics companies may show movements.

Currency may show some control. Trade and look for advantage.

Indian Currency

Indian Rupee may trade in between 75.30 to 76.30 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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