Daily Forecast – Share Market – April 22nd, 2020

Nifty may show buying at lower levels | Volatility expected

Ketu, Sun, Moon and Mercury are leading the day, well supported by Mars. Indications are clear that foreign cues may play some important role during the day or news related to FDI may give some movement in the organization or in the market or likewise situation may develop.

Foreign cues and pressure can be seen during the day. Combination of Ketu, Sun and Moon are not comfortable during the time, indicating that impact of COVID crises and resulting financial crises is also giving impact on the market globally. India is also facing deep financial crises. Shasak of Finance Ministry – seems to be bit weak according to the Rahu in the house of finance.

Conjunction of Moon with Mercury will be separated after 13:17 Hrs (IST). Changes after this period is possible in the movements. Still, currency is giving negative impacts.

Nifty may try to hold levels, although some pressure can be seen. Market may expect some news from the government, which may influence the market for a while.

Pressure on upper levels possible and look for opportunities at lower levels. Nifty may trade in the range of -100 points to +200 points levels. Volatility not surprising.

Indian Currency

Indian Rupee may trade in between 76.40 to 77.40 per USD.

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