Nifty Prediction : Positive Opening | Wait for Long investors | Role of FIIs ?
Daily Forecast – Share Market – May 19th, 2020
Positive Opening | Wait for Long investors | Role of FIIs ?
Sun with Mars is leading the day, well supported by Mercury, Moon, Ketu and Rahu. Indications are that market may be influenced with the foreign cues and may open with the buying at lower levels. Or it will be better to say, possibility of positive opening.
But we should not ignore impact of Rahu and Ketu + three retrograde planets. This may give some news/clarity in government’s decisions related to lockdown and others (policies/decisions). Possibility of some easing out from confusions. But still, better to trade with strict stop-loss.
Crude may be improving due to retrograde of related planet (this may continue till August).
News related to Pandemic or Virus may be bit better (possibility of some positive indications for treatment/Vaccine/medicine etc.).
Volatility in the running period will not be surprising (coming period). I am still watchful for Banks for the coming period.
Many segments may be showing movements. That may include infrastructure, power, automobile ancillary, spirit, movements in banks also, with insurance, research or laboratories and petroleum exploration related segments.
Behaviour of FIIs and other performances of companies will be important for the coming period. As repeatedly I had mentioned related to the Shashak of Finance will be important in coming two years. This will be especially important for the Bhavishya (future of India’s economy and growth/administration).
Wait and watch for long investments. Intraday traders – Be smart, otherwise may lose money.
Indian Rupee may trade in between 75.40 to 76.40 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market