Daily Forecast – Share Market – May 27th, 2021

Slow moves | Mid-caps and small caps interesting | Wait for Opportunities

Moon with Mars is leading the day, well supported by Mercury, Saturn (Rx), Jupiter and Rahu. Yesterday was the day for Lunar eclipse but was not for majority of Indian areas. It was visible in NE, Portblair and near by areas of West Bengal. So, impact of Lunar eclipse as eclipse will not be seen but impact of Rahu-Ketu axis on Sun/Mon with Venus and Mars can be seen during the day. Mercury is also slowing down its speed, because from 29-05-2021 will start transiting retrograde. Even then lord of share market, banks and financial institutions is in own sign, so well protective for banks etc. Impact will be that this lord of share market may try to hold levels, even though axis of Rahu/Ketu may be bit disturbing.

Foreign cues are also not supportive, or we can say that they are almost neutral, in the language of share market – Flat. Momentum of Indian market was decent in previous days. Now, time of consolidation. Mixed emotions on the day of monthly expiry.

Corona has shown improvements since the time of retrograde transit of Saturn. This does not mean that we should ignore basic norms of COVID related precautions. Still figures are near about 2 lacs per day for positive cases. Fungal infections are clear as side effect of COVID.

I feel that market may show some ups and downs, Movements in many segments can be seen during the day. I will prefer to look for Midcaps and small caps also. Banks and financial institutions may be trying to hold levels.

IT, communication, Leather, sugar, textiles, food based products, Leaf based, Tea, coffee, or other seeds based, synthetic based, fast-foods, chemicals, automobile, automobile related (look for Opportunities at lower levels), health related, Pharmaceuticals, laboratories, and many more segments like alcohol, non-traditional.

Keep a watch and look for opportunities at lower levels (as good as available). Buy on dip.

Nifty may try to hold 15200 levels and look for 15350.

Indian Currency

Indian Rupee may trade in between 72.40 to 73.20 per USD.

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