Daily Forecast – Share Market – May 9th, 2024

Nifty may repeat the range of 22225 to 22400 | Sell on rise better

Political utha patak Important in coming period 

Venus, Mercury with Sun, Moon leads the day, well supported by Jupiter and Saturn. Lord of share market is still protecting own house of share market. But tomorrow, will be moving out of its neech rashi, political activities are going to be intense further. Political shifting on daily basis may further influence the market. I feel that market has sensed some further in depth, possibly a change.

Astrologically, lord of eighth house of India’s horoscope gives some indication, it will be better to wait and watch till 04-06-2024.

Globally, China is passing through slowdown phase, but still strong. Our market may show laziness during the day. Possibly wait for some guidance and indications.

It will be better to watch the levels of 22225 to 22400 of Nifty. Watch banks and financial institutions. Result oriented equities may perform. Better to say that ups and downs because of results and faith on the political issues may influence the market. Trade with care (casual traders).

Movements in many segments may be seen, watch fertilizer, automobile, automobile tyres, automobile batteries, IT, communication, entertainment, FMCG, chemicals, textiles, leather and many more may remain active with dairy products.

Nifty may remain laziness. Market is waiting for clear indications, which commonly known as trigger. Again, 22225 to 22400 levels of Nifty may remain active.

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.