Daily Forecast – Share Market – April 1st, 2020

Intraday traders – Ready trade according to Volatility

Sun with Rahu is leading the day, well supported by Jupiter, Mercury and Ketu. Two strong planets Mars and Saturn are involved in Planetary war. Saturn is winner in this planetary war, Mars is defeated in this war. Local cues may be cause of working in the market, foreign cues may not be giving much influence during the day. Indications from the government or expectations or news from the government or agencies may give impact on the market.

Tomorrow is closed for the trading purpose. So, weekly expiry due to tomorrow’s holiday.

Rahu is strong, so chances of Virus impact can be more, pressure can be seen during the day. News from local agencies will important.

Selling from upper levels possible. Impact of PSU banks possible.

Local market may be facing impact of weak consumption and coming period is also possibly influenced due to COVID19. US is badly affected, which may go to influence global share market and other ways also.

Crude may further be affected. Many countries may be badly affected due to this crude price war, and many Indian companies are giving their services in such countries (middle east), which may hurt their financial earnings. It will be better to keep a watch on such companies.

Volatility is possible. Pressure on upper levels. Intraday traders may have to trade on the basis of Volatility.

Indian Currency

Indian Rupee may trade in between 75.00 to 75.80 per USD.

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