Daily Forecast – Share Market – May 15th, 2023

Nifty may test 18250 | Beware of strong dreamy market expectation

(Global Economical and banking suspected)

Ketu with Rahu is leading the day, well supported by Sun, Jupiter and Saturn. Importantly, Sun will be moving in Taurus sign at 11:45 Hrs (IST). Lord of share market and Banks have started transiting direct from 08:50 Hrs (IST). Indications are that market may try to change the direction or may be possibly slow movements or low range can be seen during the day.

Rahu and Ketu are indicating that traders should not fall in any sort of trap – which can be shown by some of the reasons or by any means. Rahu is mysterious.

Crude may remain within the range of 75 USD. Gold and silver may show some upside movements.

Planetary movements indicates that possibly some ups and downs. Geo-clues may not remain some attractive or better to say Mixed impact from foreign market. Nifty may breach 18250. Local political impact may also be possible in coming period. But again market may show some buying from lower levels and pressure on upper side.

Result oriented period is also ahead. Globally, banks and investors are now moving towards currency market. Next month Saturn will also start transiting retrograde, that may give some negative impact on the market.

Remember, we have stepped in the election year (one year to go to form next government or for election). So, steps from government may be seen in coming months. Inflation and unemployment will be key for the market. India’s main business and earner (foreign revenue) is from foreign lands, which is not getting strong global news.

Nifty may look for 18500 in coming period. But remember any time Nifty may show dip up to 18175.

Keep a watch on Banks. Defence may show some better moves.

Sell on rise and buy on dips will be better for traders. Rahu may form a rousing coming period, but be alert. Because Rahu may ditch at any moment.

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.