Daily Forecast – Share Market – April 19th, 2018

Nifty Looking for base | Range of +/- 50 points possible for Nifty

Moon with Venus leads the day, well supported by Sun, Saturn, Ketu, Mercury and Jupiter. Two retrograde planets are active. Wobbling in market will not be surprising. Global cues may not be very supportive, but local cues are trying to hold the base of the market. Currently range of 60 points for nifty is important on either side. Nifty may try to look for 10600 levels.

Seven planets out of nine are active, so action on either side can be seen in majority of segments. Indications are clear that leaf based, IT, communication, logistics, travels and tours, entertainment / communication instruments etc. may remain in action. Mid-caps, small caps with infrastructure, power, automobile segments including ancillary and tyres may show movements.

Textiles, leather, power, cotton, FMCG, cosmetics, pharmaceuticals etc. may show movements. Petroleum and crude may remain active with financial institutions and banks etc.

Keep an eye on Judiciary or government decision or any decision, which may indicate reversal of moves in coming period.

Keep an eye on currency too.

Indian Currency

Indian Rupee may trade in between 65.30 to 66.00 per USD.

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