Daily Forecast – Share Market – April 12th, 2024

Buy on dips better | Look for Opportunities

Mercury (combust and retrograde), Jupiter with Moon are leading the day, well supported by Saturn and Venus. Lord of share market is totally combust, which may give impact on share market and banks. Geo-political and market is not comfortable. Inflation level and unemployment is key for the coming period.

Energy levels may go up. Gold is indicating that pressure on the market may be seen in coming period. Commodities may also create some issues related to the share market. Reason is investment point can be gold in coming period.

Election period for India and year for US. This may give some ups and downs despite of almost settled political situation in India. Even then the growth and per capita may going to influence the individuals economic situation. But bounce back because of settled political situation in India may be seen in coming time also. Or may try for 23000 for Nifty in coming period with some ups and downs.

Because of combust share market lord – market may show laziness or weakness in the market. But look for opportunities. In coming period market may show some changes.

Watch FIIs, DIIs etc. along with banks.

All the segments may remain active along with low movements in banks and financial institutions and may give opportunities, IT, communication, logistics, space, aeronautical, electronic communication instruments, FMCG, fashion, power, automobile, automobile tyres and EV related batteries, and many more.

Buy on dips may remain better. Nifty may remain within the range of 22550 to 22750.

Indian Currency

Indian Rupee may trade in between 83.00 to 83.70 per USD.

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