Daily Forecast – Share Market – May 25th, 2023

Nifty Range of 18200-18400 | Stop-loss at 18125 Key

Monthly expiry day. Astrologically, day is controlled by Saturn, Rahu with Ketu, well supported by Sun, Jupiter and Venus. Global cues may remain mixed. Results may be key factor for the day.

Nifty is within Range of 18200 -18400.

US financial news is creating pressure globally. Political issues in US may be interesting in coming period. Debt ceiling may play key role for the coming period. If, US will default, then it will be strong negative impact on Jobs and employment. It may also affect the demand in the market and inflation. So, it will be better to wait and watch.

I feel, again market may honor current range of the market, as mentioned above of Nifty 18200-18400. Banks are trying to play their role, yesterday helped to put pressure on the market. I must suggest to put stop-loss of 18125. Which may test the trouble for the future days.

Many ranges may show movements. Keep a close eye on Insurance related to life (possibly pressure). Watch FIIs with care.

Areas like textiles, fashion, leather, engineering, electronics and electricals, oil exploration, keep a watch on IT, communication, logistics, aviation, entertainment, Iron and steel, space, defence related segments, health care related segments, banks and many more may remain active on either side.

Nifty may maintain range of 18200-18400, but stoploss of 18125 will be important.

Indian Currency

Indian Rupee may trade in between 82.20 to 83.10 per USD.

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