Daily Forecast – Share Market – April 16th, 2019

Nifty may look for Upper levels | 50 Point movements or so

Venus, Ketu and Jupiter retrograde are leading the day with support of Saturn, Sun and Moon. Indications are that market may look for upper levels. Nifty may look for the movement of (again) 50 points or so. Banks, financial institutions may be showing movement.

Insurance, agriculture related segments, leather, textiles, sugar, fertilizer and vehicles related commercial and agriculture segments may be showing some movements. IT, foreign trades and related segments like logistics, entertainment and transport may be showing movements. Leaf-based segments, coffee, rubber and drugs may show movements.

It will be better to keep a watch on automobile, metals and infrastructure with reality area.

Look for opportunities for short term period (fortnight) basis.

Trade wisely. Two days short in the week.

Indian Currency

Indian Rupee may trade in between 68.80 to 69.70 per USD.

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