Daily Forecast – Share Market – April 6th, 2023

Profit bookings possible | Nifty may look for 17600

Rahu, Ketu with Mercury are leading the day, well supported by Sun and Moon. Global cues (economy wise may not be good) are weak, but this may give opportunity for looking for investments, allocations in Debt funds of better to say – for fixed income period. This is especially applicable for salaried persons.

Core traders should also avert long for trade calls. This period is to look for Opportunities. Global cues – unemployment, inflation, debt in the market, deposits Vs debts in various countries and banks.

RBI’s policy may influence the market.

Leading nations had to fund then banks and financial institutions heavily.

Profit bookings or sudden changes in the movements can be seen at any point of time.

Remember today is expiry day. Keep a watch on Bank, financial institutions, look for opportunities in good IT, communication, automobile, oil exploration, chemicals, power, automobile tyres, defence, sugar, alcohol and related products, cotton, communication instruments, and many more may be showing movements.

Nifty may show profit bookings on upper levels. Nifty may look for 17600.

Indian Currency

Indian Rupee may trade in between 82.00 to 82.90 per USD.

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