Daily Forecast – Share Market – May 22nd, 2024
Mixed and lazy day possible with positive touch | Watch Volatility Index
Sun, Mercury with Jupiter (combust) are leading the day, well supported by Moon and Venus. Lord of lagna is involved in planetary war with the lord of ups and downs Jupiter. Indications are that for the day, lagna lord is winner, whereas lord of ups and downs is defeated by the lagna lord. Possibly, this day market may show upside movements (with careful movement), Nifty may look for 22600. This does not means that stoploss can be avoided.
INR has improved its position for the period. Global cues may remain better. Local cues related political movements, we may see some ups and downs in next week. This week may show careful approach with positive touch.
Mixed movements possible. Even then upside moves. Look for opportunities in automobile tyres.
Pharmaceuticals, textiles, leather, metals, engineering, paints, chemicals, power, automobile, infrastructure, energy, keep a watch on Volatility index, dairy, IT, communication, space, aviation, logistics, web related, entertainment, Fast Food, cement, leather, fashion (watch), alcohol, rubber and many more may remain active along with others.
Tiredness may be seen or watchful trade due to election and waiting for some trigger.
Nifty may look for 22600, with laziness. Mix day possible. Trade with care. Keep a watch on VIX. Crude oil is maintaining prices around 81-84 USD.
Indian Currency
Indian Rupee may trade in between 82.80 to 83.50 per USD.
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** Before investing or trading, check the technical aspects as well, which is a reading based on planetary movements
