Daily Forecast – Share Market – May 13th, 2022

Nifty may show recovery from lower | Be ready for Volatility

Sun, Moon with Jupiter are leading the day, well supported by Mars, Saturn and Mercury (Rx and combust). Moon is forming decent yog with Jupiter and Venus. Indications are little bit better despite of higher inflation data. On grounds indications are not soft. Edible, and consumer-able  goods are on the higher side, INR is losing its ground.

It’s a last day of week, geo-political situation is not so good. Even global inflation, business and employment situation is not good, which has not only pressurized this market but also pressurizing crypto currency market.

Nifty may show some pull back, even though market situation is not good (not only in India but globally also). China is also facing issues related COVID.

Banks may be improving for the day. Many stocks in the market and Nifty 50 are at the attractive prices. SIPs are decent or one can look for better and decent stocks at economical prices (in comparison to Nifty level of 18000 or so).

Areas like IT, banks, financial institutions, automobile and many more may be doing better along with engineering, electronics, electricals, defence, space, communication, power, renewable energy, steel, chemicals, dairy, rubber, carbon black, logistics, travels and tours etc., pathological laboratories and many more may show some activities.

Look for opportunities.

Nifty may try to show recovery from lower, but trade with strict stop-loss. Emotion of the market is vibrating and indicating not certain. Hence chances of volatility is not denied in coming period also.

Indian Currency

Indian Rupee may trade in between 76.70 to 77.50 per USD.

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