Nifty Prediction : Positive day | Impact of PM’s speech | Wait for announcements

Daily Forecast – Share Market – May 12th, 2020

Positive day | Impact of PM’s speech | Wait for announcements

Sun with Mars is leading the day and well supported by Moon and Ketu. Interestingly, Sun lord of cabinet and political area is extraordinarily strong, indicating political strength of the cabinet. Mars is also strong, so impact related foreign issues or Import/export/funding from FIIs etc. may be strong or affective in coming period. Indications for Infrastructure, power, automobile etc. may remain important.

Another important point of consideration will be issues and cues from foreign.

Indications – market may show positive opening. Venus is ready to transit retrograde, so chances of some changes in announcements may be seen in government’s approach. Let us wait for the announcements from government/agencies etc.

Drugs, chemicals, automobile, and infrastructure may remain active, along with many more segments. IT, communication, entertainment (digital), e-commerce and other segments of media. Boarder related activities cannot be ignored.

Indications for Economy movements after 14-05-2020. Trade on the wave. Don’t forget for stop-loss.

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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