Nifty Prediction : Mix day possible | Slight pressure possible
Daily Forecast – Share Market – May 31st, 2021
Mix day possible | Slight pressure possible
Moon with Mars is leading the day, well supported by Jupiter, Rahu and Saturn (Rx). Share market and banks lord has also started transiting retrograde, impact may be seen in the next 20 days or so. Closing values of Nifty of 28-05-2021 (14435 or so) may be repeated within next 20 days.
As on date movements are again bit slow but looking for the direction. Next week, we are going to see Solar eclipse, so impact will be accordingly (which may not be so high, because will be visible only in NE, Portblair etc.), but Rahu/Ketu axis may show some impact. Global cues may be mixed, which may play again some impact on the market.
It seems that Pandemic is coming under control (in comparison to previous levels). It will be interesting to watch after 10-06-2021 and then 20-06-2021 (when Jupiter will start transiting retrograde).
Lockdown is getting relaxation in many areas, but majorly still applicable.
Monsoon news may also be positive for the market in coming days for agriculture, agriculture related automobile and so on will be doing better. Crude is maintaining its level and Currency is also not building negative pressure.
IT, leaf based, Tea, coffee, rubber, rubber based/lubricant based ie. is automobile tyres, logistics, Pharmaceuticals, chemicals, power, fertilizer, engineering, and petroleum with insurance. I agree that Institutions are indicating better, but planets are indicating ups and downs.
Look for opportunities at lower levels in banks, financial institutions and likewise areas. I will like to be bit careful for automobile, infrastructure and reality in next week, because of solar eclipse, which may give some opportunities at better levels for long term.
Nifty may look for 15300 in coming period but in next coming period may look for 15500 +.
Indian Rupee may trade in between 72.10 to 73.00 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market