Daily Forecast – Share Market – August 18th, 2022

Is Nifty Preparing for 18000 | Buy on dips | Foreign cues – Watch with care

Venus with Saturn leads the day, well supported by Sun, Mars, Mercury, Ketu and Jupiter (Rx). Importantly, Saturn and Venus are making sam-saptam yog, which is afflicting lord of the lagna of horoscope, so, local issues may be cause of concern along with some foreign related issues. But Global political issues must be considered properly. UK is facing issues related to economy, their fear is – balancing of return Vs expenditure. Their central bank has already mentioned a fear of recession after December 2022 for one and half year or so.

Remember it’s a day of weekly expiry. So, little bit of ups and downs possible.

Even then share market of various nations are rising. I have some doubt when this will burst. Anyways, enjoy the current period and coming two months of Mercury in the house of share market and supporting own house. Which may try to protect the market under adverse situations (after 21-08-2022). Even then ups and downs will be seen during the period. So, for now buy on dips.

Areas like FMCG, fashion, retail showrooms, e-commerce related fashion/garments etc., automobile, power, cement, tiles, bathroom fittings, electrical fittings, communication instruments, cotton and related areas, artificial intelligence based areas, defence, IT, travel and tourism, logistics, automobile tyres, logistics, shipping related (keep a watch), insurance, research based segments or analysis based areas with banks and financial institutions (buy on dips) and many more may remain active.

Buy on dips will be better. Allow market to settle down. As and when required book profit on upper levels (if required), otherwise emotions are positive.

Indian Currency

Indian Rupee may trade in between 79.00 to 80.00 per USD.

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