Nifty Prediction : Flat or Little Positive Opening | Import/Export/Foreign news Important
Daily Forecast – Share Market – May 6th, 2020
Flat or Little Positive Opening | Import/Export/Foreign news Important
Mars, Sun, Venus are leading the day with Ketu. After 13:50 Hrs (IST), chances of volatility or sudden changes can be seen. Situation related to opinion of Government and requirement is – we must learn to live with Corona Virus unless any proper Vaccine is developed. Because this Virus is changing its pattern/physique and behaviour. So, it will be better to restart economic activities.
Impact of Virus patients may increase but important will be to learn to win over death due to COVID. After this relaxation in Lockdown, sudden rise in Virus affected issues can be seen (chances).
Market may try to hold levels. Now, time has come to avail advantage during the adverse condition, to get proper advantage in productions. Companies like Chemicals, fertilizer and many more areas can have some advantage in coming period.
Saturn has slowed down its speed for us (because has started moving on Curve), heading for returning position (retrograde transit from 11-05-2020).
After this period, we may see some changes in Covid and impact for next 5 months. Which may give impact on share market/business market also.
Market may be influenced with foreign cues, activities related import and export can be seen or impact can be seen in coming period also. Government may try to encourage local industries where we can have better edge, so possibility of increase in duties can be seen.
Tussle between US and China can be seen in coming period.
News related to Vaccine may give some edge to related companies in anticipations.
Chemicals, fertilizer, and other segments related to import segments.
Petroleum and related segments may see some pressure. Wait and watch before going for long. Opening may be close to previous day or bit positive. Changes or sudden move after lunch is possible.
Indian Rupee may trade in between 75.50 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.
Categories: Share Market