Daily Forecast – Share Market – May 22nd, 2020

Volatility Possible | Nifty may trade within Range of 9150 to 8950

Sun with Mars leads the day and well supported by Rahu and Ketu. Global issues are not very encouraging. Geo-political situation may be tense for a while. Heading for a big tussle between US and China. At the same time issues related bordering areas of India. In coming time, nation may have to invest more energy on borders.

Local issues may be much important than global cues, but state of confusion is also possible, because of active role of Rahu and Ketu.

Ups and downs possible. Indications from Sun are clear that news from Government or representative or agency may give movements but possibly again Volatile movements. It will be important that long weekend ahead. So, it will be better to trade with care at closing hours.

COVID cases may increase in India because Mars has entered in KOT of Kotchakra. That means has entered in Quila. Issues may be tough at least first week of June.

Automobile, Tyres, batteries, carbon black and laboratories, alcohol, and petroleum related segments. Infrastructure, power, cement, ceramic tiles and likewise segments with Paint may give some advantage in coming time.

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.