Daily Forecast – Share Market – May 31st, 2022

Stock specific trade better | Allow market to settle | Buying from lower

Sun, Saturn, Moon with Mars are leading the day, well supported by Jupiter and Ketu. Indications are that lord of the share market is slowing down its speed for us, because is on the curve, in coming days will start transiting direct. Hence, weakness of lord’s movement can be seen, possibly movement in the market is not as high as it was on previous working day, and some initial slow movements can be observed.

It will be better to allow the market to settle down, and then move properly. Trimming on upper levels possible, but impact of foreign cues can be seen during the day, hence, market may remain with silent mood.

Crude oil and strength of USD is creating issues on inflation levels. After a great pull back of previous working day(s), market may try to take some rest or with laziness and trimming on the upper levels.

Trade with watchful eyes on foreign cues/trade. Due to Russia’s crude restrictions, crude oil prices are soaring and may further soar. Which may give impact on inflation (globally).

I also believe that market may show some buying from lower levels also. So, it will be better to be watch carefully on early hours. Now, news from leading nations and other announcements will be important.

Areas like automobile, IT, communication, electronics products, edible products, agriculture produces, cement, infrastructure, power, energy, renewable energy and many more like cotton, and cotton based segments, batteries, metals, sea related, logistics, e-commerce and related areas may be doing better.

Trade with care, emotions are not bad, but some tiredness, impact of crude and global issues may be seen during the day. Allow market to settle down.

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.