Nifty Prediction : Buy on dip (only smart approach) | Market may try to hold levels

Daily Forecast – Share Market – April 15th, 2020

Buy on dip (only smart approach) | Market may try to hold levels

Sun, Ketu, Moon are leading the day with Rahu and Saturn. Indications are better than the previous working day. Still I am doubtful for the banking and financial sector. Lord of share market is neech but giving support to own house. Market may try to hold its own levels, although COVID has created havoc globally, categorically in developed nations like US and European nations.

European countries have already reached to 10 Year yield. Even then our market is sustaining the bases of 6-7-year bases. Government announcement may play important role.

Lockdown impact can be seen in our economy in coming period. I am afraid of job retrenchment like 1991-1998 period. Which can be tough for middle class people. Next Rahu in Taurus will be needing proper economic management by perfect Finance persons otherwise next one and half year will be affected.

Spike in pandemic can be seen in coming days, political issues or religious matters may be cause of concern, because four planets are placed in the house of religion. Three planets are most strong planets – Jupiter, Saturn, and Mars with Moon.

GDP of country will be affected accordingly (as I have already mentioned impact of Rahu in current and coming period).

As on date, we may see positive moves in the market or Nifty may try to hold levels or try to improve levels.

Companies involved in research related vaccine, health instruments, FMCG, and many more may be showing movements.

I will prefer to look for buy on dips (with smart approach only). Stop-loss will be important (just a possibility) because of joint impact of Rahu and Ketu with Sun/Moon etc. IT, communication and related segments may show some movements.

Indian Currency

Indian Rupee may trade in between 75.50 to 76.50 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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