Daily Forecast – Share Market – May 25th, 2021

Nifty preparing for 15300 | Banks for coming period

Moon, Mars with Jupiter is leading the day, well supported by Rahu and Saturn (Rx). Mercury is in the last degrees and close to move in Gemini sign (tomorrow before market session). Foreign cues are comfortable, indications for the further rise in the market. Nifty may look for 15250 or so. Nifty may look for 15300 or so, in coming period.

COVID in urban areas is indicating improvement. But post corona impacts are seen, which may be cause of concern. Medicine manufacturer for the related areas may have chances of ruling under adverse conditions (for common man).

Keep a watch on FIIs.

Crude may show some check on the rise for the day. Which may give another positive news to the local market. COVID active cases are indicating that situation is improving but does not give permission to forget precautions.

Banks may be good for a week in coming period, along with reality, infrastructure (especially after Cyclonic hits), power, chemical, Textiles, leather, Paper, alcohol, alcohol based products, automobile batteries, automobile, logistics, automobile tyres, engineering, capital financing, and many more segments are ready to move.

Agriculture needs to watch with care. Food and related segments may be looking for moves in coming period with FMCG etc.

Indian Currency

Indian Rupee may trade in between 72.60 to 73.40 per USD.

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