Nifty Prediction : Nifty may test 18250 | Sell on rise possible | Look for Opportunities on either side

Daily Forecast – Share Market – May 12th, 2023

Nifty may test 18250 | Sell on rise possible | Look for Opportunities on either side

Rahu with Ketu is controlling the day, well supported by Sun, Moon and Jupiter. Lord of share market is transiting retrograde, but in coming period is going to slow down its speed for us. Range of Index is in trap. Possibly, we may see profit bookings on upper levels or at the same levels. Giants may try to book profits.

Global cues may not be supportive. Dandadhikari/Nyayadhikari Shani dev is ready to give justice in coming period. Possibly, this may give some indications for the coming years – possibly after one year or more than one year (may consume more time). This may affect business circle, political areas or many more.

At the same time, political situations may also try to give justice in coming period. Both of these may affect the market in coming period (possibility).

Nifty may show breach of 18250 or so, but Rahu Ketu may give wave in any direction in coming period. Currency may also show some volatility, and possibly may look for 82+ against USD. Crude may also look for 75 USD.

Globally, unemployment is alarming. Inflation may be affected due to purchasing power (due to lack unemployment etc.). Religion related issues must be important to check peace etc.

Many segments may remain active on either side. Keep a watch on Banking segments along with finance. Infrastructure Vs unemployment will be important for the nation and global economy.

Keep a watch on sudden movements on either side. Buying from lower may be seen but sell on upper levels will be key.

Casual traders, protect your funds. Book profits as and when required. Entry on upper levels, may be tricky for casual traders..

Nifty may breach 18300 and look for 18250 or 18200. On the upper side may look for 18350.

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.

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