Daily Forecast – Share Market – May 2nd, 2023

Nifty may look for 18250|Watch Banks | Trimming possible

As 25 days back, it was mentioned in my reports that market may look for 18000 of Nifty points, which has crossed in April itself.

Lord of share market and banks is totally combust. Venus, Ketu with Rahu are leading the day, well supported by Mars, Jupiter and Sun. Remember lord of banks and share market is trying to come out of share market and by 04-05-2023, will come out of total combustion. On May fifth, 2023, many nations will be watching lunar eclipse, but India will not be affected by this eclipse. So, after this eclipse, market may show different movements in the market or business of various segments.

Nifty may look for 18250. But it will be better to play with stop-loss of Nifty 18000. Foreign cues are supportive. So, market is with natural emotions of enjoying the advantage, but profit bookings on upper is also not surprising. After lunch hours lord of horoscope will move in Gemini sign with Mars. Foreign cues may give its impact on the local issues. Keep a watch on the foreign news/cues etc.

Keep a watch on automobile. Banks may give some news which may give decent impact on the bank. Rubber based segments, with petro-based segments like automobile tyres, paints, infrastructure, petroleum marketing companies, crude oil may try for 80 USD. Defence, metal, electricals and electronics, breweries, alcohol, sugar and its by-products, two-wheelers, cements, and reality related segments may remain active along with textiles, cotton, communication instruments with entertainment and many more.

Nifty may again try to maintain levels above 18150 of Nifty, but may look for 18250. Pressure on silver possible.

Indian Currency

Indian Rupee may trade in between 81.50 to 82.20 per USD.

Please like my Facebook page @ https://www.facebook.com/AnoopAstroSutra.

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