Daily Forecast – Share Market – April 23rd, 2019

Impact of global cues / crude | Trade with care | Nifty may look 11600+

Mercury and Saturn are controlling the day with support of Jupiter, Ketu, Venus, Sun and Moon. Indicating that crude, petroleum and currency with global cues will be playing important role during the day for the market.

Nifty may try to look for 11600 + levels, but pressure is also possible on the market due to crude and currency. Global cues and verdict from Judiciary or ruling agencies may be important to give some impact on the market. Keep a watch.

Banks and financial institutions may show some action. Impact of Banks can be seen on various sectors and economy of the nation/jobs etc. Which may directly or indirectly influence government.

It will be better to trade with care, it’s a time to watch and as and when required pick at lower rates and sell on upper levels (if required). Better to hold funds (for long term investors) for a month or so. Because Saturn will also start transiting retrograde.

Movements in Petroleum, gas, banks and financial institutions can be seen, with currency, IT, communication, or logistics, transport etc. Infrastructure, reality with related segments may be showing impact during the day. Automobile and related segments may try to show some impact on the market.

Trade with the flow and wind.

Indian Currency

Indian Rupee may trade in between 69.00 to 70.00 per USD.

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