Daily Forecast – Share Market – May 26th, 2020

Nifty seems Positive but range bound | Foreign cues Important

Mars is leading with Sun, well supported by Jupiter, Moon, Rahu and Ketu. Market is again showing importance of foreign cues, with the local results driven market. I agree that market is aware that last quarter of companies will not be comfortable, but still looking with some hope or based on estimation (market’s) Vs. actual results.

Geo-political situation may not remain comfortable or bit dicey.

Secondly, market is opening after a long weekend. But indications may remain positive due global cues or impact of foreign trade news etc.

Mercury is transiting with Rahu and Moon, in own sign and indicating activities related to banks + COVID related some news.  But this can be based on news etc. So, trade with care. Crude is holding levels.

Movements in logistics, automobile ancillary with tyres, Pharmaceuticals, metals, Dairy and IT, with communication and e-commerce may be doing better. Banks may give an opportunity at lower levels.

Trade for + 100 points of Nifty, and chances of selling pressure on upper levels in coming period are strong.

Indian Currency

Indian Rupee may trade in between 75.50 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.