Daily Forecast – Share Market – May 18th, 2024

Nifty stoploss @ 22200 and Nifty may look for 22550

Sun with Mercury leads the day, and well supported by Jupiter (total combust), Moon with Ketu. Because of this combust Jupiter, turbulence feeling in the market is not felt, but possibly from 02-06-2024, some great amount of volatility may be seen.

On date mainly three planets will give boost to the market – Sun, Mercury Ketu. I again feel that today on special session, Nifty may show further movement of +100 points. That means Nifty may look for 22550.

Activity in the areas like automobile, infrastructure, power reality, housing related segments, with banks, financial institutions, logistics, transportation, IT companies (watch their orders and balance sheet, and hiring or firing etc., because few companies are involved in body shopping, and many are in job work etc), dairy, communication instruments, packaging industry etc. along with alcohol and non-traditional segments/services may be important during the day.

Nifty may remain within the range of 22200 to 22550.

Indian Currency

Indian Rupee may trade in between 83.20 to 83.80 per USD.

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