Daily Forecast – Share Market – April 20th, 2022

Buying from lower possible | Volatility not surprising

Jupiter is leading the day, well supported by Sun, Mars, Jupiter, Mercury, Rahu and Ketu. USD is gaining strength, which may hurt INR levels. On day, market may show some betterment, but I may prefer to play with safeguards. Reasons are geo-political situations, including our neighbouring nations. Directly or indirectly, we are also influenced by their disturbances.

We have seen impact of professional in foreign policy (India), and impact of professional finance minister during the PV Narsimha Rao’s era. Importance of professionals in any area is always useful.

Secondly, because of local reasons, many companies are unable to maintain their profit levels. This may be due to higher energy prices and other reasons. I believe, in coming days if companies may feel pressure on demand, then should not be surprising.

Hence, planning for the long term should be accordingly.

Foreign market cues are indicating for better moves, but involvement of Rahu with Ketu is always a indications for sudden changes in the mood of the market (which we have seen in previous day’s business)

Nifty may try to recover from lower to 17000 of Nifty. Still, it will be better to trade with care. Sudden changes or volatility will not be surprising.

Still, many segments will be involved. At times we may see activities in Petroleum related, crude, gas, insurance, laboratories, healthcare laboratories, keep a watch on news related to local and geo-political issues, Sugar, and by-products of sugar, alcohol, spirit, and related segments, electronics, defence, metals, chemicals, banks and financial institutions etc.

Trade with care, Nifty may try to look for 17000 or so. It will be better to trade with strict stoploss. Volatility possible.

Indian Currency

Indian Rupee may trade in between 76.00 to 76.80 per USD.

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