Nifty Prediction : Wait n Watch | Market deceptive | Watch news from Government

Daily Forecast – Share Market – May 25th, 2022

Wait n Watch | Market deceptive | Watch news from Government

Saturn with Sun are leading with support of Jupiter, Mars and Ketu. It is clear that because of conjunction of Venus and Rahu, we may get confusion from foreign cues, so it will be better to focus on our own base. This will be good for the long term also.

If we go in past from 2019, that indicates base of local companies and demand was low during the financial year of 2019-20. Before Covid era, automobile companies were holding heavy stocks (finished goods), company like Britania had retrench many thousands of workers/employees with a comment that sales have gone down, no demand in the market. Banks were facing issues related NPAs.

COVID came as face saving for everyone who were concerned with the economics of nation/demand and unemployment issues prior to past few years.

I am afraid of economic recession (India/global) after 92 years – as a Justice from Saturn due to our own faults. (COVID and now extension of war – Russia/Ukraine and many more local issues also). It will be better to focus on employment and India’s basic needs.

Now, if we see properly before going for base of this market, means it will be better to go for safe mode for the long term.

Now, global issues are multiplied to our basic issues, hence GDP, inflation and other compiled issues like poor demand, unemployment etc. are cause of concern.

I may prefer to focus on lower levels, buying from lower levels possible. Even then Nifty may try to hold levels of 16100 or so and may try to look for 16200. Facing tough for crossing important levels of 16400 (Nifty). If we see reluctance in crossing 16400 of Nifty levels, only then go for buying for long.

Areas like Sugar, textiles, steel and energy may show action on either side. It will be better to trade with care. Keep a focus on sea related segments and untapped IT segments, keep a watch on announcements on government’s policies like import duty and export duty etc. This may affect local companies.

I am not pointing out various segments.

Keep a close watch on announcements from companies and government related to various areas – linked to companies directly or indirectly. Energy is key to keep a watch.

Indian Currency

Indian Rupee may trade in between 77.10 to 77.90 per USD.

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

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