Nifty Prediction : Opening may be positive | Wait for some time

Daily Forecast – Share Market – April 7th, 2020

Opening may be positive | Wait for some time

Sun with Moon is leading the day, well supported by Rahu, Ketu, Jupiter and Mercury. According to the period, we are passing through a crucial global phase. Mankind is facing big issue. Secondly, this week has two working days short, I mean three days of working. In India, rising of virus cases are growing but possibly under control. Still, we must be careful due to global situations.

Pharmaceuticals, health-care products manufacturer and linked sectors may be doing better.

Wait for some time after opening session. I feel, banks and related segments may not be giving support to the market. Mercury lord of share market will move in its debilitated sign in the second half of the day but supporting to own house of share market. That means in next we may see that lord of share market will be protecting (or trying to protect) own house, so big falls can be checked. On the other hand, may try to protect common man also. Since, lord of the share market is in Neech sign, so may try to protect with Sam, Daam and Dund neeti. So, from second half onwards we may see some changes for next 15 days, although, there will be loss of 6 days also.

It will be better to look for direction in next one hour of opening. If big gap-up opening is seen then chances of fall from upper levels, but with small gains, market may try to give advantage.

Pharmaceuticals, dairy, selected automobile, Pathology labs, healthcare, sugar, alcohol manufacturers, chemicals and related segments may be showing some movements. It will better trade with care, Insurance and related segments may remain active.

Trade wisely. Avail advantages. Long term investors may try for small amount, but good companies, because it will difficult to find out bottom out of companies.

Indian Currency

Indian Rupee may trade in between 75.20 to 76.10 per USD.

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

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