Daily Forecast – Share Market – May 12th, 2021

Market may trade within Range | Opening around Previous close

Sun with Moon is leading the day, well supported by Saturn, Mars and Rahu. Foreign cues may not be supportive, keep a watch on foreign cues. Today is weekly closing day and tomorrow will be no business day, market will remain close.

As Venus has moved in own house, so, indicating some check on Pandemic, but we should be watchful in rural areas, where chances of hitting in much rough way. Because, lord of public is with Rahu, which my give trouble in non-recognized areas, unknown areas, rural areas etc.

Crude is maintaining its level, but pressure in foreign market is possible, which may give impact on local market. Planetary position wise market may look for holding base in between 14800-14900.

Nifty may try to maintain previous day’s level.

I will prefer to trade within the range of +/- 200 points of Nifty for coming period. But look for buy on dips.

Segment and company wise investment/trade will be better. IT, communication, logistics and related segments including automobile tyres (Giant and agriculture), Giant automobile manufacturer, Keep a watch on transport equipment manufacturer, health care equipment, power, sugar, oil (edible), banks, insurance, health care, Pharmaceuticals will be interesting to watch.

Keep a watch on non-traditional areas also.

It will be better to look for opportunities at lower levels.

Indian Currency

Indian Rupee may trade in between 73.10 to 73.90 per USD.

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