Nifty Prediction : Pressure Possible | Global and Atmkarak/Health Issues Important

Daily Forecast – Share Market – May 7th, 2020

Pressure Possible | Global and Atmkarak/Health Issues Important

Mars, Sun and Venus are holding the key with Ketu, Rahu and Jupiter. Indications are market may be influenced with Global issues, negativity of COVID impact on economy and human life/lifestyle etc. Organizations might have got solution for Corona, but trials and finally medicine may come out only after or around 3rd week of September 2020. Impacts may be seen after November 2020.

Planetary position till September 2020 for Human’s health may not be decent (not only because of COVID, may be because of water or something else.

Trade may be for the pressure side (at least at the time of opening). Changes or decisive movements can be seen after 11:30 Hrs (IST) or so.

Crude may get back to some strength with the hope of getting back consumption of Petroleum due to beginning of movements of transportation and related area. That means – movements in Transportation, automobile tyres, lubricants, infrastructure, power, Pharmaceuticals, and some indications for the movements in insurance related automobile etc.

Metals, chemicals, paper and fertilizer, agriculture related segments may show some movements in next coming period.

Trade for the opportunities for a while, wait for the moving in for long term. If intent to move for long-term then only partial investments. Impact of high figure of corona infected may come in India, because of some changes in the policy of government and planetary movements or their transit trend etc. (in coming week).

Impact of unemployment on mass levels can be seen in consumption of products. Only essentials will be important during this period. Figure of unemployment (actual) – if will be big, I will not be surprised. Banks may have to face further NPAs.

Indian Currency

Indian Rupee may trade in between 75.70 to 76.60 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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