Nifty Prediction : Nifty may show Positive Opening | Wait for long investments
Daily Forecast – Share Market – May 20th, 2020
Nifty may show Positive Opening | Wait for long investments
Sun with Mars and Ketu is leading the day, well supported by Moon and Rahu. Indications are clear that market may behave positively. Ketu indicates sharp rise in virus infection and spike in market also (either side). Global news and cues may be important for the market. Market may trade within the range of +/- 150 points. Trade with care.
Products related to infrastructure, power, real estate and automobile ancillary including automobile tyres. Products involved in laboratories like chemicals etc. may remain active. During the period of lockdown, smooth function of IT sector, communication, media, insurance and e-commerce, essential commodities were seen. Dairy products were also doing better. So, impact in coming period can be seen in such segments. Pressure on banks – Rahu is clearly indicating (or some other issues), this period for banks can be observed till third week of September 2020.
Movements for Communication instruments, electronics and electrical segments can be seen in coming period.
Ketu can give spike. Other planets are indicating for positive opening.
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.
Categories: Share Market