Daily Forecast – Share Market – May 10th, 2021

Will Nifty look for 15000+ today? Ups and downs possible

Moon is leading the day, well supported by Sun, Mars, Rahu, Ketu, Saturn and Venus. Movements in almost all the segments is seen. Indications are that foreign cues with local movements can be seen during the day. We are trading in a short working week; Wednesday will be weekly expiry day.

This opening day of the week, possibly, we may see momentum in almost all the segments. Foreign cues are strong. Crude is rising, which may give impact on Petroleum industry.

Pandemic in India is also hitting, mortality rate is the key.

Market may open with positive note or we may see upward movements, despite of chances of some ups and downs, reason can be involvement of Rahu and Ketu with the lord of share market. This may give sudden run also.

Activity in the areas of Tea, coffee, rubber, dairy products, Leaf based segments, silver related areas, metals, automobile, but keep a watch on impact of lockdowns on companies. Electrical and electronics, defence, metals related, infrastructure, textiles, leather, chemicals, Pharmacy, health-care, health-care instruments, power, consumable products and many more segments may show action.

Keep a watch on mid-caps and small caps also.

Positive mood in the market can be seen. Nifty may look for 14950+ or so.

Indian Currency

Indian Rupee may trade in between 72.90 to 73.70 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.