Nifty Prediction : Mixed Day Possible | Buying at lower levels (PSUs etc)

Daily Forecast – Share Market – May 18th, 2020

Mixed Day Possible | Buying at lower levels (PSUs etc)

Sun and Mars are holding the key for the day, well supported by Rahu, Ketu, Saturn, and Moon. Indications are that market may react to local news/announcements and Global situation/cues. Virus/Pandemic is not allowing working community to act in normal ways (not only in India – even globally). Over and above three planets are transiting retrograde, indicating uncertain behaviour or suddenness may support to Rahu and Ketu.

Roles of Banks will be important in coming period, which may give impact on the share market. Which may continue till November 2020 (at least).

Movements in many segments can be seen. PSUs and related segments to defence, sky (includes space, IT, communication and DTH related segments + likewise in coming period).

We should not expect spoon feeding to large number of populations, once employees will be back to the job, and start getting their income on regular basis only then proper liquidity can be seen in the market. We are aware of white collared and blue collared workers but there is big force of without collar – domestic help, persons (mainly women) sitting at home and doing small job works. They are contributing a handsome amount to their domestic economy. These without collar workers are also without job in many areas of nation.

Anyways, Impact of announcement of economy package can be seen during the day and in coming period. But Corona Pandemic is on rise in certain areas of nation.

Mixed day will not be surprising. Global cues/or not related to business (directly) may influence the market. VIX was under control in previous week. Crude may show some rise in the anticipation of rising demand of petroleum goods.

Buying in certain areas can be seen. Leather, textiles, fertilizer, chemicals and related segments can show some movements.

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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