Daily Forecast – Share Market – April 17th, 2020

Watch global cues and & Govt, |Positive possible

Sun, Ketu with Moon leads the day and well supported by Mars, Saturn and Rahu. Malefic planets are strong, but atmakarak Sun is also playing important role in exalted sign, so market may enjoy some positive news related to recovery from Pandemic. But still, period has to go long. Market may show some positive movements. Indications from foreign cues will be important.

News from government is also important, market may move on the basis of news. Time to watch with care, react accordingly.

Pharmaceuticals, textiles, automobile may also show some positive impact, it is also fact that result of previous financial year was very bad for such companies, now, we are passing through a critical phase, and corona’s after impact on economy for next 2 years will be very important. So, for long it will be better to invest only with very good companies.

Many planets are active, so movements in many segments will be seen, lord of the share market is protecting own house till 22-04-2020, so may try to protect own house or improve positions for the same, enjoy trade with strict stop-loss.

Look for Bank nifty, if crosses upper levels within past days then enjoy the day.

Keep a watch on government or agency’s announcement.

Indian Currency

Indian Rupee may trade in between 76.00 to 77.90 per USD.

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