Nifty Prediction : Mixed Day possible | Stock specific trade better
Daily Forecast – Share Market – April 13th, 2022
Mixed Day possible | Stock specific trade better
Last working day before the long weekend. Remember today is the weekly expiry. Mercury, Mars with Jupiter are leading the day, well supported by Ketu, Rahu and Sun. Impact of all the above-mentioned issues can be seen on the market. Global cues are deceptive, even then some better opening can be seen during the day. Today, after closing of the market Jupiter will be moving in own sign Pisces and change the house, start blessing house of share market, education, public etc.
Nifty may show some buying from the lower levels, but it will be better to be cautious regarding trading of the day. Mixed day is possible. Crude is still rising. Growth is not as desired, whereas inflation is hitting the nation.
We can not ignore above mentioned parameters for the period. When planetary positions are changing (Large planets), Saturn will be moving in Aquarius in the last week of the month.
Rahu Ketu are always deceptive when they are active together. If Nifty may open with some pressure, then it will not be surprising for me.
On 06-04-2022, I mentioned that Nifty may trade within 17000 to 18000. This week, after a rise in the past week, weakness in the market is seen. Nifty may breach 17500 today, and further pressure possible, because a long weekend during such volatile market and geo-political situation and crude oil position.
Banks may be supportive for the market. Or we can say that banks may show some movements, even then for Index trade with care, stock specific may remain better. One can invest better equities.
Active areas may remain for banks and financial institutions, power, energy, chemicals, sugar, alcohol and related segments, spirit, wine, cotton, textiles, automobile tyres, automobile, logistics, IT, communication, cement, infrastructure, reality and many more may remain active along with insurance, health related pathology laboratories, defence, space, communication and entertainment instruments, instruments related to music etc.
Trade with care. Remember last working day before long weekend during such volatile Geo-political and trade situation, when globally unemployment and inflation is high.
Indian Rupee may trade in between 75.80 to 76.50 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