Daily Forecast – Share Market – April 13th, 2023

Profit bookings on upper levels possible | Look Opportunities At lower

Rahu with Mercury, Sun, Venus and Ketu are leading the day. Jupiter is totally combust, whereas Saturn is unaffected. Banks and related segments with financial institutions may be interesting to watch. They may be affecting the market in coming period.

Previous working day was again affected by FIIs, and which helped Nifty to cross 17800 and stay above 17800.

Tomorrow will be non-trading day, so trade accordingly. Remember, today is weekly expiry, so behaviour of the market will be accordingly. Still buy on dips will be better, but better to wait at lower levels. Nifty may show profit bookings on upper levels.

IT has still some issues or facing aftereffects of previous years’ impact. Recession – possibly is ahead – deep or low it depends on the various countries impacts.

Many segments may remain active. Keep a watch on Banks, non-traditional segments, alcohol, sugar, textiles, electrical and electronics, with defence (for long at better rates), automobile, automobile tyres, automobile batteries, ancillaries, cycle, chemicals, power, metals, and many more segments with pharmaceuticals may show movements.

Market may show volatility during the day. Nifty may show profit bookings on upper levels.

Indian Currency

Indian Rupee may trade in between 81.70 to 82.60 per USD.

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