Daily Forecast – Share Market – May 26th, 2023

Is Nifty Preparing for 18600? | Nifty may look for 18400 | Stop-loss at 18200 is Key

Rahu with Ketu is leading the day, well supported by Moon, Jupiter, Saturn and Venus. Recession like situations may be seen in Germany, European nations and other countries. US may be facing financial issues with Political action (because of Election year is ahead).

I feel that lord of the share market may be give indications for 18400 for Nifty. FIIs have supported the market during the period. Time for our market is to buy on dips for a while. Because market is indicating for the pull backs from the lower levels.

Planetary position is also supportive for the period. Is Market preparing for Next levels of Nifty – say 18600?

Now important will be US debt ceiling (for global movements), because in condition of increasing the debt limits – debt levels of US will be much higher. But they will survive from default position. If they will not be able to resolve debt ceiling, in that case, US payment will default. Which may give impact on Job market, possibly big lay off may be seen in US. Automatically, market will shrink and may show dip in inflation. Political movements will be high for the next Presidential election.

These are after COVID effects.

Our market is still in better note, despite of range bound trades. Nifty may again cross/Look for 18400. May plan for 18600 of Nifty levels !

Areas like automobile, paint, automobile tyres, IT, communication, space, aviation (tricky), banks, financial institutions, solar energy, EV based automobile, Green energy related segments, chemicals, alcohol, textiles, leather, fashion garments, readymade garments, cotton, silk, communication instruments, naval communications instruments, and many more with infrastructure related segments with real-estate etc.

Buy on dips, again sell on rise for certain companies. Nifty may look for 18400. Stop-loss at 18200 will be key. Gold may see some pressure.

Indian Currency

Indian Rupee may trade in between 82.20 to 83.00 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.