Daily Forecast – Share Market – May 28th, 2020

Positive moves Possible| Nifty may look for 9400 and Lower 9225

Mars with Sun holds the key, well supported by Moon, Mercury, Rahu, and Ketu. Indications are clear that impact or cues from foreign areas will be influencing the local market. Apart from this financial institutions and banks may remain active to support the market. I believe that market may again behave positively. But ups and downs probability are possible.

Impact can be seen in Rubber segment or rubber companies.

Buying at lower levels possible. Market may look for 9375 or so of Nifty levels.

Banks and financial institutions may show some movements with infrastructure, logistics, automobile ancillary, tyre, batteries, Paints, along with IT, communication, e-commerce, and many more segments related to communication instruments or entertainment instruments, Pressure on gases or related segments will not be surprising.

Keep a watch on national news which may give any direction for the stability in coming period. COVID in India is on the move and increasing data, certain strong areas related to economy of India are badly influenced, which may give negative impact on market in coming period. I can understand that US market is not influenced with such a great impact of COVID, because their Economic situation is different, their economist and others sources are working in different ways than ours.

Our labour has moved away from their working places because of not getting proper guidance and different type of policies than US etc. Mass movement was key for such COVID impact and in coming period will give impact on Production and movements etc.

Trade with the wind.

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.