Daily Forecast – Share Market – April 25th, 2023

Nifty shows improvements | Nifty range 17600-17850

Keep a watch on US/European banks in coming period

Rahu and Ketu are controlling the day, well supported by Moon, Jupiter with Venus. Importantly, this combination of Rahu and Ketu is trying to give a wave, with support of other planets. Possibly, market is planning for 17800 or so. Four planets are active in the house of foreign activities of India’s horoscope.

India is passing through Mahadasha of Moon and anterdasha of Ketu, issue related to one of state may face some issues.

Banks in foreign nations may show further issues in coming period. Keep a close watch and be prepared for the action in coming period/months. Global cues may try to pressurise our market in coming times.

Interestingly, currency may also try to be below 82 INR against USD. Crude may remain within the range of 82 USD to 85 USD.

Importantly, entire horoscope is active, Saturn is forming indirect relationship. Foreign cues/Geo-political situation may further remain important during the coming period.

Nifty may again remain within range of 17600 to 17850. Trade wisely. Buy on dips. Keep a watch on FMCG segments. Results of companies may further give impact on the market.

Keep a watch on automobile two-wheelers. Buy on dips (if dips deep). Sell on the appropriate time will be the key for the success. Banks, insurance, petroleum, communication, logistics and related segments including automobile tyres, automobile ancillaries, batteries, communication instruments, cotton, silk, alcohol and related segments like breweries, chemicals, sugar, electrical and electronics etc. may give movements to the market. Rubber and solvents with carbon black may show some movements.

Nifty may remain in the range of 17600-17850. Buy on dips and avail advantage as and when required.

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.