2024-05-23 08:03:05 Nifty Prediction : Sell on rise either today or in coming period | Consolidation at lower - நித்ய சுபம்

Daily Forecast – Share Market – May 23rd, 2024
Sell on rise either today or in coming period | Consolidation at lower
Sun, Mercury with Jupiter leads the day, well supported by Moon, Venus and Saturn. Importantly, lord of lagna is heading for total combustion, which will be on 25-05-2024 (on sixth phase of election), so this may be important for the purpose of share market in coming fortnight.
Today, we may see crude oil around 80 USD to 83 USD. INR may also show strength. But inflation (actually) may remain on the same levels. Global cues may not give support to the market.
Possibly sell on upper levels possible. Equities – related to results may give impact. Watch carefully. FMCG, Fast food and many more companies may show their movements according to the results.
I feel on date there may be some pressure on upper levels.
Nifty may show upside movements then sell on upper levels possible. That means volatility possibly. Past days indicates that consolidation on lower levels then recovery, but we may see sell on upper levels either today or in coming period.
Avail advantage on upper levels.
Many segments may remain active with lazy movements. Watch FIIs and banking shares along with FMCG, Pharmacy, textiles, leather, paper, fertilizer, petroleum marketing companies, and many more like IT, communication, logistics, automobile tyres, paints, infrastructure, housing, cement and many more may remain active on either side.
Keep a watch on results of companies.
Sell on rise possible. Consolidation at lower levels possible.

Indian Rupee may trade in between 82.70 to 83.50 per USD.

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

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