Daily Forecast – Share Market – August 25th, 2023

Nifty Range may remain 19275 to 19450 | Watch defence segment

Retrograde Mercury, Sun with Ketu are leading the days, whereas Mars, Rahu, Saturn (Rx) and Venus are supporting. Reversal moves were seen in previous working day after lunch hour or so. Global situation (economic) may be giving its impact or fear in the market. China’s financial situation is tough, US – Bond yield may be again concern for the share market.

Watch banks with care. Secondly, expiry can be another reason for the shaky moves.

Pressure on upper levels possible. Opening may have some pressure, but chances are – buying from lower levels will not be surprising. It will be better to be watchful. Reason – three key planets are transiting retrograde.

Sell on upper levels and buy at lower levels may be seen in the period. Breach of Nifty 19300 will not be a surprise in coming period.

Banks and financial institutions may be playing key role during the day and in the running period. Watchful trade will be better. But sudden gains are also possible under adverse situations will not be surprise.

Many segments will be active. Midcaps and small caps will also be playing their role properly. Focus on such area will be better. Defence and space/aviation related defence may give interesting moves. Watch.

Nifty may remain within the range of 19275 to 19450. Crude oil may roam around 82-85 USD.

Indian Currency

Indian Rupee may trade in between 82.10 to 83.00 per USD.

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