Daily Forecast – Share Market – April 23rd, 2024

Bank – by on dips | Nifty range 22300 to 22500

Look for opportunities at upper

Mercury with Jupiter leads the day, well supported by Sun, Moon, Mars and Ketu. Indications for the market may remain better and may look for 22425 for Nifty levels. Foreign cues may also remain supportive, which may give further movements. Importantly, lord of foreign cues have moved out of conjunction with Saturn. Which may try to give support, but conjunction with Rahu may give some unexpected events related to Geo-political and espionage related activities.

Result oriented impacts may be seen in the market. It will be better to be watchful in financial institutions based on news.

Lord of share market is preparing to start transiting direct in coming days. So, holding the levels of share market, because is in the neech rashi and giving support to the market. This may change approach and thoughts of common man in the coming period. Approach of public may be surprising, which may give impacts on India in coming period (chances – Mars and Rahu are in conjunction and also conjunction of lagna lord of Horoscope of India).

Since, market has positive momentum from last two working days. Keep a watch on FIIs and DIIs movements. It will be better to look for buy at and around 22300 of Nifty and look for Opportunities at 22500 of Nifty.

Maximum segments may remain active. It will not be wise to pinpoint each and every segment.

Nifty may remain within the range of 22300 to 22500. Stoploss at 22250 will be better.

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.