Nifty Prediction : Break down possible | Are we preparing for recession after 92 years?
Daily Forecast – Share Market – May 19th, 2022
Break down possible | Are we preparing for recession after 92 years?
Sun with Jupiter is leading the day, well supported by Mars, Saturn, Mercury and Venus. Geo-political and foreign cues (financial status and fear of recession in US, China etc.), may influence the market. Astrologically, I can think if Saturn is preparing to do Justice as it has done in 92 years back.
Market is under pressure (globally), which may show pressure on our market also. Nifty may breach 16000 of Nifty.
Crude, pressure on INR and rising wholesale Inflation index, with the tough situation for common man. Firstly, COVID and after that Ukraine – Russia war, which is heading for close to 100 days. Other countries are also facing food crises with energy issues. Prices are soaring. Hurting economy of various countries.
This is known as “CHAUTARFA” bad impact of economic crises.
I agree that lord of share market is also within 4 degrees from Sun, by evening will be within one Navmansha distance from Sun, which may minimise strength of lord of banks and share market.
Hence trade with care.
Areas like automobile, infrastructure, automobile ancillary, energy – petroleum/crude, coal and solar + non-traditional sources, electronics, textiles, sugar and based products, keep a watch on IT, communication, entertainment, banks may show some volatility or ups and downs, solvents, chemicals, metals, engineering, alcohol and based segments, insurance, and many more may show some activities on either side.
Pressure on 16000 of Nifty possible. Volatility possible during the day. Look for opportunities in good companies. Will Nifty show pressure more than 250 points of Nifty?
Indian Rupee may trade in between 77.10 to 78.00 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