Daily Forecast – Share Market – May 24th, 2021

Emotions Positive | Look for Banks/financial institution for coming days

Mars, Moon with Rahu are leading the day, well supported by Jupiter, Sun and Saturn (retrograde). Conjunction and placement wise entire horoscope are activated. Indications are that impact of foreign cues can be seen during the trade. Strong Rahu is capable of giving sudden movements, whereas opening cues may remain slow and bit lazy on either side of the trade, reason is Saturn is transiting slow at the moment because had started transiting retrograde yesterday only.

Otherwise, foreign cues of the day may give charge for bulls. Rahu is again like a sudden charger. This can give wave. Venus is indicating for the holding of currency levels (INR), which may be supportive for the traders. COVID cases are maintaining its level. Rural areas need attention (because of transit of Saturn retrograde).

Keep a watch on non-traditional segments, IT, communication, Power, energy, spirit, alcohol, space, defence, sugar, textiles, leather, surface transport with water transport may look interesting. Paper, Food, fast-food, banks (indirectly), but for coming period banks and financial institutions may be doing better, because lord of the banks will be moving in own house and sign, so will be protecting the same.

Automobile, logistics, agriculture, and related instruments, chemicals, Pharmaceuticals, health care, hospitals, leaf-based, coffee, rubber and drugs may be doing decent. Keep a watch for remain sectors also.

Nifty may be in positive mood/emotions.

Indian Currency

Indian Rupee may trade in between 72.70 to 73.50 per USD.

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