Nifty Prediction : Better day expected | Stop-loss Important | Watch foreign cues

Daily Forecast – Share Market – April 22nd, 2020

Better day expected | Stop-loss Important | Watch foreign cues

Ketu with Sun and Moon is leading the day, well supported by Mars and Mercury. Indications from foreign cues may be better, which may give some positive movements in the market during the day. Ketu may give spike on either side (sudden). CoVID is still a big threat to the world. India is also facing tough task ahead. Reason is from 25-04-2020 morning Mars will start knocking inner kot of kotchakra, which may be an indication for coming tough period related to Corona, I agree that other planets may be supporting but one malefic Planet in inner Kot can give trouble for coming period.

Crude has improved its position. INR is in the range of 76 per USD.

Possibly, traders may look for buying at lower levels with a stop-loss. Market may try to look for another 100 or 150 Nifty mark. Importantly, lord of share market will be moving out of its Neech sign on early hours of 25-04-2020. So, in the next week we may see impact of this movement because Mercury will not be giving protection to own house.

Movements can be seen in alcohol, cotton, communication instruments, health care, Laboratories, chemicals, certain banks and financial institutions, FMCG, companies like Persistent, Escorts, and related segments may show some movements.

Enjoy ride, with strict stop-loss. Flying is always good, but always carry Parachute – means stop-loss.

Indian Currency

Indian Rupee may trade in between 76.00 to 76.90 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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