Daily Forecast – Share Market – April 16th, 2020

Nifty may 8800 | Lower levels buying expected | Volatility possible

Moon, Sun with Ketu leading the day, and are supported by Saturn and Rahu. Malefic impacts are seen, also indicates that real face of economy (globally) will start playing its role in coming period. I agree that lord of share market is trying to protect own house, but other planets are also forceful, so game of ups and downs is/will be on.

Global cues may not be decent. Nifty may test lower levels of recent days.

Mars will move in Aquarius sign on 04-05-2020, so till then pressure of Corona can be seen heavily or rising. I feel that after this transit, situation will be better or showing better sign. Because of this COVID, pressure on margin and gains of companies + impact of slowdown in 2019 can be seen in many companies.

Leaf based, e-commerce, IT, communication, dairy products, agriculture, textiles, Laboratories, healthcare segments, healthcare instruments manufacturing segments can be seen in movements.

Moon with Ketu and Rahu may give some volatility during the day. Trade with care. Anyways, time to look for good segments only and partial investments for long term investors.

Traders can look for Nearest lower levels and higher levels for stop-loss. Currency is bit weak.

Indian Currency

Indian Rupee may trade in between 75.90 to 76.80 per USD.

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