Daily Forecast – Share Market – April 11th, 2023

Buy on dips better | Nifty may look for 17700 | Sell on rise possible

Rahu, Mercury with Ketu are leading the day, well supported by Venus and Sun. This indicates that again market may look for upper side movements. Previous trend was to sell on upper then buy or buy on dip then sell. That means range of 17500 to 17700 of Nifty was maintained and may further possible.

Banks and financial institutions are important. But it will not be wise to avoid IT and technical companies. China is showing improvements in inflation also, whereas Europe and US is facing issues related to inflation, Asian market is also facing issues related to inflation.

For the period buy on dips will be better. Banks may give opportunities for long. It will be better to buy banks on dips or may give opportunity to book profits.

Someone may say it’s a period of consolidation, but looking at global scenario, consolidation …, difficult to say. Astrologically, we must wait for the trend after 22-04-2023, after Solar eclipse (before sunrise in India). We may see impact in global market from next week.

Currency is still maintaining around 82 (INR) against USD.

Many segments may show movements. COVID is again on the march. It will be better to follow norms and take care/precautions.

Nifty may look for 17700. Buy on dips and sell on rise possible.

Indian Currency

Indian Rupee may trade in between 81.70 to 82.50 per USD.

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