Daily Forecast – Share Market – April 11th, 2022

Stock specific trade better | Nifty may trade within +/- 150 points

Mercury, Jupiter with Mars are leading the day, well supported by Rahu, Ketu and Sun. Importantly, this week has only three days of working, or better to say two days short in the market and long weekend. Jupiter is ready to change its house and sign, will be moving in own sign of Pisces, possibly may bless house of share market. Mars is with Jupiter and Venus, indicates obsession will not be surprising on any direction.

Indications for Nifty 18000 is within reach. But it will be better to trade with stoploss around 17700 in Nifty (I mean low of Friday).

Stock specific trade will better. Time to look for investments in equities at better rates. Banks, financial, IT, communication, alcohol, automobile, logistics (despite of high running cost), insurance, healthcare, education, sports and related segments, cotton, communication instruments, entertainment instruments, electronic devices related, batteries, renewable energy, non-traditional segments, chemicals, leaf based, tea, coffee, power, and textiles etc. with steel and metals may remain active.

Keep a watch on automobile tyres also, with sugar and related segments.

Keep a watch on geo-political situation. Hoping for betterment in coming period.

Nifty may remain active. I am positive for the day, despite of some chances of volatility.

Indian Currency

Indian Rupee may trade in between 75.40 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.