Daily Forecast – Share Market – August 5th, 2019

Sell on Pull-offs Possible | Nifty may try to hold 11900

Mercury, Venus and Jupiter with Moon and Saturn are controlling the day. Venus lord of horoscope is heading for total combustion in the house of neighbors etc. Impacts can be seen in coming period with neighboring areas of the nation. Rahu is exchanging aspect with Saturn and Ketu, in the house of finance, banks and regional states. Issues are possible in the related areas.

Currency may see further pressure or may be under pressure. Geo-trade and political situation will not be supportive.

Petroleum, insurance, non-traditional segments, banks and financial areas (either side), textiles, leather, communication and IT (action is in the related house – either side), automobile may give some opportunity in coming fortnight. As on date, situation of automobile is not decent, job cuts will not be surprising in the segment. Similarly, automobile tyres may be facing some issues, because automobile tyres are indicator for movement in economy and consumption story.

Automobile tyre dealers can wait for cut-throat war in the industry like 1984-86. Same can be repeated in other segments.

I feel that market may show pressure on pull-offs. So, better to wait for a while, let the vehicle of economy show positive movements, guard your funds. Astrologically, time is not yet come.

Venus and Mars are combust, Jupiter retrograde is slowing down its speed, and is on the curve for us, so that can start transiting direct Saturn is combust. Results are not encouraging for the traders. National issues are also, not supporting.

Indian Currency

Indian Rupee may trade in between 69.00 to 69.80 per USD.

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