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
Daily Forecast – Share Market – May 14th, 2024 Nifty may test 22000 and look for 22200 |Sell on rise Volatility chances increasing Sun with Saturn leads the day, well supported by Moon, Jupiter (combust), Mercury, Ketu and Venus. Transit of Jupiter in lagna of horoscope of India. Election is cause of concern for the nervousness or careful approach in the market. Still 21 days to go for the results and for Opinion polls 17 days to go (just for idea’s sake which may be tricky because of medias approach). Global cues may also show some volatility in our market. FIIs are also reacting towards elections of India. Market may play some tricky moves. Casual traders must trade with care. This may give an opportunity to sell on rise. VIX (volatility index of India) is rising – that means volatility chances in the market may again increase. Be prepared for volatility. Confusing news from various resources related to fourth phase of election and preparation for fifth phase. I must say that market may look for 22200 of Nifty levels and stop loss on upper levels will be better – that means sell on rise, and on lower side nifty may look for 21950 or again test 22000. Movements in many segments may be seen because of corporate news or other news. Watch automobile, reality, infrastructure, power, textiles, leather, engineering, finance, IT, communication, entertainment, oil exploration and marketing, dairy, logistics, space, […]
Daily Forecast – Share Market – May 8th, 2024 Nifty may remain 22225 to 22400 | Equity base trade batter Casual and New traders watchful steps better Venus, Mercury with Sun leads the day, well supported by Moon, Jupiter and Saturn. Impact of local political and other activities may be seen during the day on share market. Because there is a saying that share market read the nerves much earlier than the others (in 95% cases). Possibly, this market has studied something from the election, which have crossed halfway mark. Planetary position is not so bad, but the lord of the lagna of India’s horoscope is heading for combustion (AST status) and lord Jupiter (which represents eighth house of India’s horoscope) is transiting in the lagna of India’s horoscope. Anyways trend from previous many days of the market is down. Today, again we may see some better opening and then pulling down the levels (if this happens – will not be surprising). Nifty may test 22225 on the lower side and may try for 22400 also. So, again range may remain 22225 to 22400. Again, movements in many segments may be seen during the day. It will be better to trade with strict stop loss. Equity base trades may be better than the index-based trades. Sudden changes and again changes may be tough for casual traders. I agree that election may give chance to earn substantial money, but at the […]
