Daily Forecast – Share Market – May 26th, 2021

Nifty may look for 15250 | Sudden moves – either side possible

Moon, Mars with Saturn (Rx) are leading the day, well supported by Jupiter and Rahu. Importance of malefic planets are more than soft planets. Foreign cues will be playing important role during the day and for the time being, along with local issues, activities etc.

Nifty may trade around the previous day’s closing. Even then market may give some positive indications for the buying at lower levels. Even then many areas will be decent. Lord of banks and financial institution has moved to own house, may be reducing its speed for us and in the first week of June will go back to Taurus sign for around 20 days. This is also fact that next week, lord of banks will protect own house and try to give support to banks and financial institutions.

Areas for the interest will be IT, communication, web, OTT based segments (long term), logistics, defence, Leaf-based (like tea, rubber etc.), coffee, FMCG, dairy, food, fast foods, travels and tourism at lower (extremely or attractive) rates for long term (at least 2 years), drugs, chemicals, lubricants, insurance, laboratories, automobile batteries, agriculture related products, agriculture produces, Petroleum related areas, may be looking interesting.

Alcohol, spirit and related segments, non-traditional, renewable energy, and many more may be doing interesting.

Pharmaceuticals, health-care, health-care related insurance and many more areas are looking decent.

Look for opportunities. Nifty may look for 15250 or so, but Rahu may give sudden movements on either side.

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.