Nifty Prediction : Nifty may look for 11800 | Pressure on upper levels possible

Daily Forecast – Share Market – April 22nd, 2019

Nifty may look for 11800 | Pressure on upper levels possible

Saturn and Ketu are controlling the day with support of Sun, Moon, Jupiter retrograde and Venus. Jupiter will be falling back to the Scorpio sign at mid-night (IST). It will be interesting to watch crude oil prices from 23-04-2019. Market may look for upper levels during the day. It will be better to be watchful at upper levels too. I agree that not much malefic impact is seen but falling of Jupiter in previous sign may give some reversal moves, but advantage to some segments too.

Agriculture related segments, sugar, alcohol, leather, textiles, Pharmaceuticals, health-care, hospitals may be showing some movements along with Paper, chemicals and related segments, with Cotton, ready-made garments, silk, or products based or prepared with support of bacteria or insects etc.

Infrastructure, reality, cement, automobile segments, particularly doing in new areas, paints and tiles with ceramics may be showing some movements.

It will be better to look for interesting movements in petroleum and related segments. Keep a watch on political statements, judiciary (including agencies like ECE or RBI) etc. FMCG, may show some movements.

Keep an eye on foreign issues/cues etc.

Indian Currency

Indian Rupee may trade in between 68.70 to 69.60 per USD.

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

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