Daily Forecast – Share Market – May 18th, 2021

Nifty may look for 15000 | Trade with bullish emotions

Moon with Mars and Saturn is leading the day, well supported by Jupiter, Sun and indirectly Mercury. Planetary position for the market seems to be positive for a while. Global cues, FIIs, with local indications may be playing important role during the day. Planets are indicating that entire horoscope is active directly. That means positive moves can be seen during the day. One can plan for 15000 of Nifty levels, in fact this level is overdue for the market.

Crude may be giving positive indications for the global economic movements, but time to trade accordingly.

COVID cases in Urban areas are showing betterment, it will be better to check in rural areas. Otherwise, this may hit more mortality in rural areas.

Metals, IT, communication, wi-fi based entertainment, logistics, engineering, electro casting, banks, financial institutions, insurance (if available at lower rates for coming days), power, automobile tyre (HCV, LCV and agriculture tyres) passenger segment may show low movements. Chemicals, rubber or related segments, alcohol, non-traditional, defence, electrical and electrical especially medical health  support machine, synthetic, textiles, leather and sugar with FMCG etc.my remain active.

Since, entire horoscope is active, so negatively or positively entire segment may remain active.

Nifty may try to hold 15000 levels. Trade with positive mood.

Indian Currency

Indian Rupee may trade in between 72.90 to 73.80 per USD.

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