Daily Forecast – Share Market – April 8th, 2020

Selling from Upper levels & Buying from lower levels not surprising

Sun is leading the day with support of Rahu, Ketu, Jupiter, Mercury, Mars and Moon. Altogether 6 planets are directly active, Saturn is indirectly active. Mercury is forming decent yog with Moon, indicating that this may be better for banks, financial institutions and stock market. I mean, Mercury will try to protect own house. But Virus issues or better to say Rahu alone in the house of banks and Ketu is in the house of waves or Ups and downs.

Foreign cues/FIIs will also be important. Although everyone will be waiting for the expected news from government related to Lockdown and next economy related announcement. Now, market may try to hold some bases or better to say try to settle some levels. This may give some selling on upper levels.

Now, market may look for global cues or announcements etc. Or I can say Volatility is also possible, because lord of the share market will try to protect own house, but Rahu will try to give some negative indications also. Now, week is also short, next week having four working days. Consider this for going long for trading purpose.

Still, movements in automobile, Pharmaceuticals, FMCG, sugar, and many more may be showing movements (either side).

Trade with the winds.

Indian Currency

Indian Rupee may trade in between 75.00 to 76.00 per USD.

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