Nifty Prediction : Nifty may look for 17500 | Positive opening Possible | Buy on dips sell on rise

Daily Forecast – Share Market – April 4th, 2023

Nifty may look for 17500 | Positive opening Possible | Buy on dips sell on rise

Rahu, Sun, Mercury with Ketu are leading the day. Global cues may remain mixed. Tomorrow will be weekly expiry. Banks and financial institutions may be giving us guidance for the last two working days of the week.

Crude is maintaining 85 USD, whereas currency is again maintaining same levels of previous closing. Possibly market may show positive opening. Rahu, Ketu may give sudden changes in the trend. IT segment in US may further give shock in the global market. Giants of IT segments may further announce firing or layoff of employees.

Inflation in global situation and unemployment data is high. Again, data is indicating for the fear of recession is not over or better to say – reactivated (in coming period). Market may feel fear in coming period.

I believe that look for the opportunities and play smartly. Buy on dips and sell on rise. Casual and new traders can avoid the trade, unless market show some stable direction. Rahu is very deceptive planet. Mercury is indicating betterment for the opening. After that before lunch hours or after two hours we may see some changes in the trade. Nifty may look for 17500 in coming period.

Banks may help the trend for today and tomorrow.

Automobile, oil exploration, alcohol, spirit, sugar, glycol, spirit, edible oil, chemicals, banks, financial institutions, power, Batteries, automobile tyres, logistics, Gold is gaining strength, keep a watch on pharmaceuticals, pathology labs, cotton, textiles, and many more may show action during the day.

Nifty may try to look for 17500. Stop-loss important.

Indian Currency

Indian Rupee may trade in between 82.00 to 82.80 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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