Nifty Prediction : Global cues Important | Trimming possible | Wait and trade

Daily Forecast – Share Market – May 14th, 2020

Global cues Important | Trimming possible | Wait and trade

Mars with Sun is leading the day, well supported by Moon and Ketu. Indications regarding foreign cues/foreign market impact or some other issues related to import/export related matter, along with news from government. Issues between US and China + others affected due to COVID 19. This may give volatility or some profit booking possible on upper levels.

I agree that Sun as atmakarak (cabinet) is giving strength to the nation but impact of foreign issues and virus-related situation – lack of confidence (globally).

Infrastructure, power, real estate, automobile ancillary and metals with cement, etc. may be doing bit better.

Market may behave bit cautiously during the day. IT, communication, media and e-commerce will be better along with chemicals, drugs, carbon black, solvent and related segments may behave bit better. Activities in bank and financial institutions can be seen in coming period. Synthetic based segments in coming period.

Trade with care. As and when required book profit. Wait and watch the trade with care.

Indian Currency

Indian Rupee may trade in between 75.30 to 76.20 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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