Daily Forecast – Share Market – April 23rd, 2018

Possibility of range bound trade | Nifty may trade within +/- 50 Points

Saturn and Venus are leading the day with support of Ketu, Moon, Jupiter, Mercury and Sun. Two major planets are transiting retrograde, hence wobble or slightly ups and downs can be seen during the day and period. Other planets are indicating positivity. That means market may remain range bound and may trade within the range of 50 points (ups and down). Overall Nifty may like to trade within 10650 to 10450 during short period.

Leather, Textiles, Pharmaceuticals, engineering may show ups and downs. Crude may be cause of concern for another sometimes. Banks, financial institutions, sea-ports and related segments are trying to show their movements, but with hesitation movement is not equivalent to the desired way. Leaf based, fashion world or related segments, electronics, vehicle, infrastructure, cotton, communication instruments, dairy products and fast-food related segments may be doing better.

Vehicles, power, construction segments are waiting for movements in coming period.

Trade with care, even though condition of market is not bad.

Indian Currency

Indian Rupee may trade in between 65.60 to 66.30 per USD.

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