Daily Forecast – Share Market – May 29th, 2020

Wait for opening Hours | Avail opportunities | Volatility Possible

Sun, Mars and Ketu are leading the day with support of Rahu, Moon and Mars. Global cues may be again influencing the day, but local aspects may also try to interfere during the day. Geo-political conditions are heavy, this has multi-dimensional impact on the global market. This may also be related to the upcoming election in US (Directly and indirectly). Interestingly FIIs may remain bit comfortable.

Pressure on the trading session is quite possible. It will be better that our local market should look for our own bases, and in coming years must become better. Nifty may still be looking for upper levels even after going for lower levels. So, it will be better to wait for some time and look for the opportunities at lower levels.

Automobile, metals, infrastructure, real-estate materials, automobile ancillaries, automobile tyres, batteries etc may remain active with dairy, leaf based segments, communication instruments, entertainment instruments and IT etc.

Textiles, leather and alcohol related segments may also remain active with chemicals etc.

Wait for some time – let the market settle down and take advantage at lower levels.

Indian Currency

Indian Rupee may trade in between 75.30 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.