Daily Forecast – Share Market – April 8th, 2022

Nifty range 17550 to 17800 | Book Profit as and when required

Rahu, Mars, Jupiter with Mercury are leading the day, well supported by Sun. Importantly Mars has moved in Aquarius sign, but still within one Navmansha distance from Saturn. Pakistan has faced judiciary, now we can see other way of Justice by destiny or other means (globally). Sri Lanka is facing (close to) bankruptcy or heavy financial crises possibly due to corruption and others.

China is still facing crises (covid related), if they may suffer due to financial issues, in that case I will not be surprised. Various areas of Europe are also facing issues.

Saturn is giving us time to set the system tune within next thirty years (practically approx. 28 years), otherwise we may face further mush tough issues/punishment by the Lord of justice Saturn.

Inflation (globally) is high, India is also unable to stabilize energy/oil prices, which is indicating high inflation and companies may face uncertainty regarding their manufacturing costs. Ultimately consumer will suffer, which may give long term disturbance to the manufacturer.

Market will wait for the announcement from RBI. Possibly a pull back from the lower levels can be seen. It will not be wise to give levels for Nifty. Banks and financial institutions will be key areas for the day.

I will suggest for the range of 17550 to 17800 for Nifty. Book profits as and when required on either side.

Banks, financial institutions, reality (despite of weakness of many builders), power, automobile, insurance, healthcare, laboratories, renewable energy, electrical and electronics, chemicals, automobile tyres, alcohol, defence, pharmaceuticals, sugar and related products, non-traditional segments, and many more may remain active.

Nifty may trade within Range of 17550 to 17800. Book profits as and when required either side.

Indian Currency

Indian Rupee may trade in between 75.40 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.