Daily Forecast – Share Market – May 13th, 2025
Trimming possible on upper | Try to hold levels | 25000 within reach – Nifty
Saturn with Sun will be holding the key for the day, well supported by Mars, Jupiter, Mercury and Ketu. Remember the news will be key for the day and coming period. This Ceasefire has given a huge run to the market. Now, possibly a direction is possible shortly. I feel day can be normal. Some better moves can be seen. Yes I agree that possibly some profit bookings or trimming or consolidation is possible on upper levels.
In fact, majority of the segments are activated. Importantly, cues/influence of foreign cues plays some important role for the market. Our own factors related to the market and economic situation is not in a defining situation.
Economic and demand related issues are still tough. Issues related to unemployment are still critical. Especially, our bread-and-butter sector, IT is weak. Anyways, the market is comfortable.
Movements in each and every sectors can be giving impact on the market. Nifty may show some more growth but consolidation or profit booking is also possible.
It will be better to watch banks and financial institutions at lower rates or economic rates. But only good banks.
Nifty may try to hold the levels, but trimming on upper levels not surprising.
Gold is under pressure.
Indian Currency
Indian Rupee may trade in between 84.20 to 84.80 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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