Daily Forecast – Share Market – August 7th, 2019

Mixed Day not surprising | Banks may give guidance

Mercury with Venus, Jupiter (Rx) and Rahu is controlling the day. Mercury is giving strength to the market and banks etc., whereas Venus is just 2 degrees away from Sun, indicating close to total combustion, results are clear on currency and other situation of the nation. Jupiter is slowing down its speed, because it will start transiting direct after 10-08-2019.

Mercury is indicating some positive movements in the market or may show some buying from lower levels.  But point is that – Market is confident for the upward movements at current position? Global and local market slow down does not indicates for the positive movements in the market. Our own major industries are unable to maintain production. Influencing employment position.

Nifty may show some movements, but If it will be for long then will surprise me (at the current planetary position, when majority of planets are disturbed or not comfortable.

Market may look for the announcement from government/government agency. But how much boost will be seen – it’s a big question. Banks and financial position may show some movements, which may give impact on Nifty. Rahu is active in the house of banks, suddenness is possible. Which is guiding me for a mix day or pressure can be seen at any stage on the market.

Action in the area of banks and financial institutions, automobile (possibly some pressure), IT and many more areas. But interestingly only Mercury is indicating some better health than other planets. So, indications from bank may give some indication for the day.

Watch with care, news based movements also possible.

Indian Currency

Indian Rupee may trade in between 70.20 to 71.10 per USD.

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