Nifty Prediction : Ups and Downs not surprising | Global and local news important

Daily Forecast – Share Market – May 15th, 2020

Ups and Downs not surprising | Global and local news important

Sun, Mars, and Rahu are controlling the day with Moon and Ketu. Indications are impact of foreign cues, and news from Government or agencies. Three planets are transiting retrograde, chances of expect unexpected or suddenness can be seen in coming period. Rahu and Ketu can give volatile sessions in coming period, even though Sun may give boost trade bit positively, including for today. So, ups and downs will not be surprising.

Jupiter had started transiting retrograde, which may give impact on crude, possibly some rise in its prices.

Virus is hitting with strength globally. Lockdown is getting relaxation may give impact on the Corona. Internal movement is again going to hurt not only India but also US etc.

Impact of government announcements are important, but recovery or implementation (practically and results) may take some time. Our own system of slow movements. Unemployment, deduction of salaries, leave without Pay are important factor for middle class and lower middle class.

Pull back might be possible. Our Finance Minister is giving details on daily basis, better to be watchful. Global cues may be decent or mixed.

Trade with care for non-traditional sectors like fisheries, or other reforms etc.

Otherwise infrastructure, real estate, and related segments like cement and more. Metals, pharmaceuticals with alcohol, sugar and IT (including e-commerce), logistics (for coming period) may be doing better.

Trade with stop loss and look for Profit booking as and when required.

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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