Daily Forecast – Share Market – April 7th, 2022

Market may face pressure | Stock specific better

Mars, Jupiter with Mercury are leading the day, well supported by Rahu and Sun. After closing hours, lord of foreign lands will be moving in Aquarius sign and but will still be within one Navmansha distance of Saturn, so we should not ignore the disturbances causing due to closeness of Saturn and Mars. Still, lord of share market is trying to support share market but will be moving in the next house and sign, so will not be giving strength to own house of share market. It will be better to trade with care for the coming period.

Crude is little bit lower, but after 12-04-2022 will be interesting.

Nifty may further show some pressure on its upper levels and if will breach or touch 17700 will not be surprising. In other language we can say pressure or volatility is also possible.

Countries must keep a check on economic balances and checks. Critical period. Saturn is ready to punish for the coming years. It will be better to manage harmony (religious, lingual, region wise, boundaries wise and in all senses, otherwise punishment will be tough, this includes balances of nature).

Active areas will be automobile, banks, financial institutions, metals, defence and related segments, electronic chips and related segments, alternate energy will be an area for the interest, petroleum and gas will be better, Nifty (pressure not surprising), chemicals, acids, alcohol, sugar, and related by-products etc. many more segments may remain active.

Stock specific will be better. Nifty needs watchful trades – may look for 17700, stoploss at this level will be better.

Indian Currency

Indian Rupee may trade in between 75.50 to 76.30 per USD.

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