Daily Forecast – Share Market – April 24th, 2023

Nifty may trade range bound | Coming period Nifty may remain 17400 to 17750

Ketu with Rahu is leading the day, well supported with Moon, Mars, Jupiter and Venus. Lord of share market and banks is transiting retrograde. Market may show some gains because of leading companies results. Results based market in coming days. Today Nifty may look for 17700, Rahu/Ketu are heavily impacting the market. Indicates volatility in coming days. Market may wait for the direction till the lord of the share market start moving out of combustion, possibly after a week or so.

Importantly, our market was able to hold the market in the last week, despite of week IT segments. Keep a watch on FIIs, and foreign cues also.

Range of the market (Nifty wise) 17400-17750 in coming period. Indications are clear from planetary position – range bound in the coming week.

Book profits on upper levels (as and when required). Look for opportunities (for range bound trade) at lower levels. Organisation wise banks will be showing impact on banking segment (Results based).

Crude oil may show some dips in the market or better to say, close to 80 USD. Keep a watch on oil marketing companies, communication, communication instruments, electronics and electricals, engineering, power, logistics, automobile tyres, keep watch on aviation, sea based segments, insurance, research based segments, space, chemicals, and many more segments may be showing movements.

Nifty may look for 17700. Sell on rise buy on dips. Results based market.

Indian Currency

Indian Rupee may trade in between 81.80 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.