Daily Forecast – Share Market – August 19th, 2022

Close to Previous day’s levels | Buy on dips | Nifty may look for 18000

Sun with Saturn (Rx) leads the day, well supported by Mars, Jupiter (Rx), Ketu and Venus. Importantly Sun and Saturn are placed at shadashtak distance, which may give suddenness in the market. Saturn is retrograde, may give wobbling also (just chances), whereas Jupiter may also give some Jhataka or Uthal Puthal in political surroundings of India or global also. Causing some tumbling in but overall planetary position is fine, may give support to the market.

Keep a watch on news from China and nearby areas including Taiwan.

Indicating buy on dips. On the coming session of the market, lord of the share market will be in own house and sign, I agree that degree wise may be not so strong but exchanging strength from Jupiter may be good for the support to the lord of share market and market despite of coming ups and downs in global market.

In either of the condition (Up or down of opening) wait and watch for the wind of the market then start the procedure.

Banks, education related, sports and many more related segments may be better for the coming two months (despite of some utha-patak in the same areas), because lord will try to protect the segments. Yes during the retrograde period one must be watchful for the market.

Areas like exchanges related to trading, defence, banks, financial institutions, keep a watch on FIIs, power, renewable energy, defence related segments, space, signalling instruments, communication instruments, artificial intelligence related segments with IT, entertainment, avoid virtual currency for a while, oil-exploration and marketing companies, gas, coal, metals, chemicals and many more may remain active including cotton related segments, with textiles and leather etc. may be areas for the movements.

Nifty may remain active for the upper levels in coming period. Buy on dips. Banks and financial institutions will be better for the coming period. Political ups and downs possible.

Indian Currency

Indian Rupee may trade in between 79.00 to 79.90 per USD.

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