Daily Forecast – Share Market – April 22nd, 2024

Nifty may look for 22250 | Watch on upper levels

Company based news important

Mercury (Rx), Jupiter with Moon are leading the day, well supported by Sun and Ketu. Indications are clear that market may show continuity of previous working day’s recovery from lower levels. Mars is ready to come out of conjunction of Saturn on 23-04-2024. That means in coming period local political issues and geo-political situations will be clearly separate but may give impact on the market in coming month or so. Important reason will be transit of Jupiter in lagna of India’s horoscope. This Jupiter represents eighth house of India’s Horoscope. Which may give political impact on the nation.

Time of Planetary movements will be starting from tomorrow to 30-04-2024. So, very active last 9 days of the month.

Crude oil may remain within the range of 85-90 USD.

Nifty may look for 22250 or so. We may see some improvement in INR against USD. It will be better to trade with care on upper levels in coming time. Reason is geo-political situation and local political situation because of elections. As on date geo-market may give support to the market.

Market may be influenced by leading company or Nifty. Which may give sudden rise to the market or after news from the company. That means news from various companies may give impact on the market.

Action on companies related to oil exploration or Nifty’s leading company, power, automobile related to agriculture, automobile, automobile tyres, batteries, watch IT (news based), fashion (again based on news), chemicals, finance and banks related segments, insurance, metal based companies, water related segments may be important for future, defence related segments for future and defence related aviation and many more may be showing movements.

Nifty may look for 22250 or so. Watch local political situation in coming period.

Indian Currency

Indian Rupee may trade in between 82.80 to 83.60 per USD.

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