Nifty Prediction : Buying at lower/selling on Upper possible | Positive opening
Daily Forecast – Share Market – April 27th, 2020
Buying at lower/selling on Upper possible | Positive opening
Mars, Ketu and Sun are holding the key for the day and well supported by Moon. Indications are clear that impact from foreign lands may seen during the day. Impact of FDI’s, foreign cues, Virus and other issues can be seen during the day.
But Ketu indicates sudden spike on either side is also possible. I feel that market may show some upside movements during the day. Pharmaceuticals, and related segments may be doing better. Few companies have diverted their productions towards medical equipment according to the need of the hour.
For long term investors, it is not possible to go for total investments, but impacts of lockdown are unpredictable, so can not advice for the long term investments, possibly they may miss their chances, but it is better to earn less than the losing of money.
China is still trying to regularize situation in Wuhan area.
We are hoping for investments from various (huge number of companies) after this lockdown phase, but point is – our infrastructure and political system (opposition and some other organizations). I am sure this time everyone will be thinking in the benefit of nation.
Crude and currency are under pressure. Trade to enjoy advantage of the situation for the day, stop-loss essential. Trading for Nifty may be in the range of 9300 to 9000 levels. I am not hopeful for banking for the day. IT may be better (in midcaps).
Indian Rupee may trade in between 76.00 to 77.00 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market