Nifty Prediction : Nifty may look for 16100 or so | Volatility not surprising

Daily Forecast – Share Market – May 10th, 2022

Nifty may look for 16100 or so | Volatility not surprising

Saturn and Jupiter are holding the key, well supported by Venus, Ketu, Mars, Moon and Sun. Indications are not comfortable due to global scenario. China is facing still COVID issues, lockdown etc. have affected their markets, which may be influencing the global demand.

Crude has also giving indications for the volatility in the global movements.

Lord of share market, banks etc. will start transiting retrograde at 17:20 Hrs (IST), hence this lord is unable to give its impact on the market. It will be better to note down the values of closing Nifty, most likely the same value may be repeated within next 20 days (just a chance).

INR is also falling, inflation and other issues may be again cause of disturbance within the nation. This may be health related or other issues.

I may look for the opportunities in banks, automobile, financial institutions, automobile ancillary, infrastructure, power, energy related products, metals, web based services, IT, communication and cotton, textiles, sugar, edible, renewable energy and electronics based segments etc.

I will prefer to trade for 16100 or so for Nifty levels. Volatility is also possible. Ketu may give sharpness during the day.

Indian Currency

Indian Rupee may trade in between 76.80 to 77.60 per USD.

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

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