Nifty Prediction : Geo-Political situation Important | Trade for Ups and downs/Range bound
Daily Forecast – Share Market – May 27th, 2020
Geo-Political situation Important | Trade for Ups and downs/Range bound
Mars and Sun are holding the key with support of Rahu, Ketu, Saturn, and Moon. Indications are clear that market is based on foreign cues, developments, and geo-political situation (including India’s neighbouring situation).
According to the issues and geo conditions, I will prefer to trade within the range of +/- 150 points of nifty.
Global market is based on their own situations, whereas our CORONA cases and neighbouring situation is not comfortable at least 03-06-2020.
Geo-trading situation may remain improved – possibly due to last month’s performances of their own local markets or in certain country, situation of corona might have improved. “How long we can celebrate for other’s success etc.?”
Our own situation due to labour movements, possibly companies or real-estate projects may not get worker to do the needful. We should not ignore this.
Results or some news may guide the market around middle of the day. I will prefer to trade with care on either side. Rahu-Ketu and three retrograde planets can do any unexpected event.
Pharmaceuticals, leather, textiles, FMCG linked with Pharmaceuticals or likewise products, Paper, automobile ancillary, infrastructure and likewise segments including paints and likewise segments. Alcohol, sugar, spirit manufacturer, communication instruments manufacturer with defence linked segments may remain active. Banks may try to show some movements.
Indian Rupee may trade in between 75.20 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.
Categories: Share Market