Daily Forecast – Share Market – April 13th, 2020

Nifty may see selling on upper levels | Trade with care

Ketu, Sun and Moon are controlling the day with Rahu, Saturn and Mercury. Tomorrow is again one holiday after this long weekend. We may see a sort of wave in the market. Lord of share market is protecting own house.

Chances of selling from upper levels possible.

Globally no one is in a position to judge losses due to this Corona Virus (globally and in our nation), situation is still continuing. Global cues due to various reasons, may not be satisfactory. In our country also, due to some or other reasons, market may play bit defensive or selling on upper levels. But from lower levels buy due to some news may be possible.

Crude may show bit rise, due to movement of Moon. But will this be a permanent rise… is a big question. Globally demand is very weak. Which may hurt economy of small oil producing nations.

PSUs may show some movements due to their new activities and watch with care. Lord of share market is trying to protect own house of share market and trying to give some advantage.

I will be looking for companies involved in manufacturing instruments related to virus, healthcare, laboratories, research centres etc. FMCG and agro-based segments.

Long term investors can invest small amounts in strong companies only, because impact of COVID 19 is unpredictable. Rahu will be moving in Taurus sign for one and half year in September 2020, which means – period for India will be tough financially and in many ways. We will be needing good financial management for the nation – Think over it – neutrally.

Trade with stop-loss. Look for opportunities at lower levels. Fluctuation of 200 points in Nifty on either side possible.

Indian Currency

Indian Rupee may trade in between 75.60 to 76.50 per USD.

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