Daily Forecast – Share Market – April 26th, 2023

Nifty may show turn-up from lower | Watch local news and results

Ketu, Rahu with Jupiter are leading the day, well supported by Moon and Venus. Foreign cues are influencing the market, but due to local news and results of various companies of Quarter 4, may influence the market accordingly.

Tomorrow is monthly expiry and results oriented + globally banks are facing crises. We can say that tremor or bank quakes may affect the market in coming period. Market is suspicious about weakness of big banks from various countries. Bonds are suspicious now. Cues from foreign trades may not be supportive.

Still, our market is trying to show recovery from lower, that means buying from lower is possible. Banks are still showing movements. But it will be better to be watchful for very long investors. Buy with cautious moves. That means buy from the lower turning point – 17600 of Nifty. As and when required exit the levels. Possibly market may show some optimism.

IT may show some better movements. Logistics, FMCG, banks, communication, entertainment. Chemicals, sugar, alcohol, spirit, insurance, petroleum marketing companies, two wheelers (buy at lower levels), shipping, laboratories, communication instruments, dairy, fashion and many more may be showing movements.

Keep a watch on indices.

Nifty may trade within range of 18600 to 17750. Look for Opportunities for small opportunities. Optimism possible for the day, but be watchful.

Indian Currency

Indian Rupee may trade in between 81.80 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.