Daily Forecast – Share Market – April 4th, 2022

Nifty may look for 17725 | Trimming on upper levels possible

Mars, Jupiter with Mercury are leading the day, well supported by Sun and Venus. Importantly, Mars and Saturn are in planetary war position, Saturn is defeated with the Mars in this planetary war. Impact of this close Mars and Saturn conjunction is clear in the neighbouring countries of India. China is also facing issues related to health, lockdown and related issues.

Geo-political situation is critical, giving impact on economy of many countries, previously everyone was suffering due to COVID, now because of Russia-Ukraine war. Countries like Sri Lanka and many more are facing food and economic crises.

Such situation is not comfortable for geo-political and geo-economic conditions. This may give impact on various nations in coming period also.

This is clear that Saturn and Mars have given a clear message that economy of many nations are under control of few nations (because of control of energy/crude in their hands).

India is also facing such issue. Although, we may confront few countries to handle such situation, or we may take some steps to handle the situation. Remember, market is indicating that some profit bookings on the upper levels in coming time can be seen. Although, market is watchful but improving slowly and gradually. Jupiter will be moving in Pisces sign, which may also be supportive for share market for Indian situation, other planets will be playing their role.

Nifty may try to look for 17725, but it will be better to trade with stop-loss. Crude is maintaining its levels. USD is also maintaining its levels for INR.

Banks and financial institutions, Petroleum, gas, defence, metals, energy, power, Tea and coffee, automobile, tyres (may face some issues), Healthcare, engineering, textiles, leather, cement, ceramics,chemicals, Ore, synthetic yarn, education and related segments, logistics, travels, entertainment, communication, IT, infrastructure, realty, and many more may remain active during the day.

Stop-loss important. Nifty may look for 17725 or so. Profit booking on upper levels not surprising.

Indian Currency

Indian Rupee may trade in between 75.80 to 76.60 per USD.

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