Nifty Prediction : Nifty may range bound (14250 to 14450) | Volatility not surprising

Daily Forecast – Share Market – April 26th, 2021

Nifty may range bound (14250 to 14450) | Volatility not surprising

Mars with Moon and Venus is leading the day, well supported by Rahu, Ketu with Mercury. Six planets are active during the day. Combination of Rahu and Ketu, always gives me a dubious indication (normally this gives volatility). Impact of foreign cues are important, provided gives any indications.

Pandemic and Lockdown, weekend curfews/lockdown are giving some pressure on our market. This may hurt consumption in coming days.

Even then focus on business and trade from the government is strong. Few new industries, because of this sudden pandemic spread can be seen in coming months. Which may be helpful in coming years.

Public is now afraid of this spread and trying to maintain social distancing and other safety measures. Even then cases of COVID cases are rising, tests in many areas are not possible (because private players are not visible). Which may be harmful for further spread of Pandemic.

This is expiry week. Possibly, market may also try to give indications for the coming period.

Market is trying to hold its levels. I will prefer to look for banks, IT, communication, gases, chemicals, steel or better to say metals, automobile ancillary, batteries for long run, Pharmaceuticals, healthcare, laboratories, FMCG especially food related.

Trade to enjoy volatility (possibility).

Indian Currency

Indian Rupee may trade in between 74.50 to 75.30 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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