Nifty Prediction : Nifty looking shaky | Local cues are not so impressive | Wait n Watch

Daily Forecast – Share Market – May 24th, 2022 Nifty looking shaky | Local cues are not so impressive | Wait n Watch Sun, Saturn with Jupiter are leading the day, well supported by Ketu and Mars. Foreign cues may remain mixed, which may give impact on our market also. Inflation and pressure on GDP (India and through out the globe), may give indications for the recession (chances). Saturn is indicating for the punishment to almost all the nations. Two years and on of COVID, Ukraine and Russia war, which gave impact on food and energy. Today’s market may show some ups and downs, with opening close to the previous day’s closing. It’s a time to keep your money intact and allow the market to settle down for more than 100 points of Nifty from the closing levels of previous day (I mean if market settles above this mark). Otherwise, market may show shaky movements. Higher manufacturing cost due to energy, logistics and other reasons, companies are not in a position to show financial gains during the past quarter(s). Mainly due to poor demand and higher manufacturing costs etc. Job market is also poor, new opportunities are not good, reason is many companies are getting financial support from out of India, because of their financial weakness or some crises, they are neither in a position to go for good hiring and not in a position for expansion. I believe market […]

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