Daily Forecast – Share Market – May 15th, 2024

Nifty may test 22300 | Trade with care  

FnO may give ups and downs because of Finance Minister’s statement

Mercury with Sun leads the day, well supported by Moon, Jupiter (total combustion), Venus and Ketu. Indications from planetary position indicates (lord of share market and banks) that market may show some more strength. Ups and downs due to volatility lord is total combust – may not be much effective. So, again market may show up side movement.

News from ministry or government may give impact on F‘n’O trading. As FM has indicated that FnO may give some Losses to the investors. Trade accordingly.

Possibly Nifty may further show movements on the upper side for another 100 points and may prepare for 22400. Election’s fifth phase is ahead (on Monday), so next week may behave in different way. By the time Jupiter will try to come out of shadow of Sun. During the period trade with care and stoploss. Any news/trend may give shock to the market. Laziness in movements possible. Ketu may be supportive. Only one planet has no impact.

Also keep a watch on every segment. For a while we may see some movements on the upper side. I wish for no volatility on date. That means slowly some movements towards another 100 points. Little bit of profit bookings possible.

After June fourth and then 30th market may show changes in trends. After 30-04-2024, Saturn will start transiting direct.

Crude may remain within the range of 80-85 USD. Keep a watch on Volatility index for a while. Nifty may try for 22300 and try to prepare for 22400.

Indian Currency

Indian Rupee may trade in between 82.90 to 83.70 per USD.

Please like my Facebook page @ https://www.facebook.com/AnoopAstroSutra.

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