Nifty Prediction : Nifty may trade within 17800-18000 | Stock specific better
Daily Forecast – Share Market – April 6th, 2022
Nifty may trade within 17800-18000 | Stock specific better
Mars, Jupiter with Mercury are leading the day, well supported by Moon and Sun. Planetary war is still active between Mars and Saturn. Global impact is seen clearly. Saturn is indicating further pressure will not be surprising or better to say, profit bookings may still continue. Remember, Mars is close to change its sign and house in shortly. But distance between Saturn and Mars will be close. Hence, global disturbance may further continue for another month or so.
I feel Nifty may be within range of 17800 to 18000. Importantly, petroleum prices or better to say energy crises may continue further, which may disturb financial balances of many nations. I had already mentioned in my old posts (October 2021 and November 2021). My estimation was for the end of 2021 and first quarter of 2022. Which we have faced.
Inflation and unemployment are key factor for the Indian point of view. Which may give pinch of pains in coming period. This will not only for India, but global point of view also.
It will be interesting to see crude oil position after 12-04-2022. We must be ready for the same.
Currency is still maintaining its levels. Although banks and financial institutions, with IT, communication, steel, power, infrastructure, Iron, metals, petroleum, logistics, coffee, tea, entertainment, e-commerce (few companies may face some issues), electrical and electronics may remain active, chemicals and many more.
Trade with stop-loss will be better. Stock specific trading will be better. Still with stop-loss.
Indian Rupee may trade in between 75.30 to 76.20 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