Daily Forecast – Share Market – May 18th, 2022

Buy on Dips | Market may show better sentiments

Sun with Jupiter is leading the day, well supported by Mars, Saturn, Mercury and Ketu. Mars is transiting with the lord of ascendant and Jupiter, so impact of foreign cues may be effective, although local issues are mixed, including inflation (higher side). Global cues may remain better.

It will be better to keep a watch on news from government or activities etc. (in coming days – next 72 Hrs).

Within a day or two, lord of share market and banks will be very weak because of its combustion status. Which may give impact on the market, and advantage of lunar eclipse will be affected.

If selling on the upper levels or trimming on upper levels – will not be surprising for me, as I have already mentioned in my previous post (17-05-2022).

Keep a check on movements of the market and allow the market to settle down, then look for action (as and when required). Time for investors in equities to invest at attractive rates. Few good banks are available at decent or economical rates (comparatively). Similarly, opportunities in IT, communication, power, infrastructure, automobile, chemicals, electronics and electricals, defence, space, shipping and many more like travels, logistics (all the surfaces) and alcohol, sugar, textiles, agriculture with related segments etc.

Buy on dips will be better for the period. Avail opportunities.

Indian Currency

Indian Rupee may trade in between 76.60 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