Daily Forecast – Share Market – May 19th, 2021

Nifty may try to hold 15000 | Profit bookings / buying at lower levels

Moon with Mars is leading the day, well supported by Mercury, Sun, Saturn and Jupiter. Indications from global cues and global news may be affecting the day. Local rural areas may influence economy of the nation in coming period. This may further affect agriculture areas due to Pandemic or ill health of nationals from rural. Rahu is clearly indicating for the coming period. This may affect economy growth and food dependability.

Impact can also be due to demise of many bread earner of number of families. Time to consider this aspect for the coming period may be after June 2021 or so. Or when Saturn/Jupiter will start transiting retrograde.

Market may look bit confused – how to hold this position. Chances of banks may be bit better in coming period.

INR is maintaining its position, whereas market may look bit lazy or profit boking on upper levels will not be surprising. But still, despite of various negatives for consumers which may directly hurt economy growth of different companies, market is rising to previous levels. This reminds me 1992. Although, now system is online, digital even then I feel bit confused, possibly due to Rahu in Lagna of India’s horoscope with Lagna lord and share market lord.

Banks and financial institutions, with IT, IT based services or linked services may be looking better in coming period, because of their regular justified workings, though out 2020-21 and in coming period also, along with Health care, Pharmaceuticals, Logistics, that’s why automobile tyres (HCV and LCV, along with agriculture tyres), chemicals, pesticides, alcohol based, power, insurance (although for health care, their payments to hospitals might have increased, but for long run, earnings are increased), many more segments are active, even then some profit bookings possible and market may look for buying at lower levels.

Nifty may try to hold 15000 levels, even though 14900 also possible.

Indian Currency

Indian Rupee may trade in between 72.80 to 73.60 per USD.

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