Daily Forecast – Share Market – May 27th, 2022

Is Nifty planning for 16400 shortly? Today Nifty may look 16300

Sun, Saturn with Ketu lead the day, well supported by Mars, Moon and Jupiter. Foreign cues may give some better movements during the day. I believe today market may show some better movements. Nifty and Bank nifty may be doing better. Possibly may look for 16275 or so of Nifty levels.

Metals may also look little bit better, but impact of government’s policy of import duty on steel etc. may be giving pressure. Banks are improving their positions on NPAs, whereas deposits and others showing betterment. Conservative touch of many banks is cause of concern for the growth of GDP.

Report on GDP is not encouraging from various agencies.

Ketu is indicating better moves during the day. Now, Nifty may try to look for 16400 in coming period. It will be better to look for better levels. Buying in banks also better. Positive indications.

Textiles, automobile, leather, infrastructure, banks, financial institutions, keep a watch on petroleum goods, but logistics, IT, communication may be doing better. Areas like chemicals, aluminium, and related areas like copper, electronics and electricals, communication instruments, cotton, readymade garments, silk and many more may look better. Sugar with other related products may be doing better. Keep a watch on agriculture related segments.

Nifty may look for 16300 or so.

Indian Currency

Indian Rupee may trade in between 77.10 to 78.00 per USD.

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