Nifty Prediction : Positive mood | Foreign cues/FIIs/export related news important
Daily Forecast – Share Market – April 29th, 2020
Positive mood | Foreign cues/FIIs/export related news important
Mars with Ketu, Sun leads the day, well supported by Jupiter and Venus. Indications are that market may be affected with the foreign cues/news or investments related issues. Even then chances due to other planets, market may show some positive moves, before the expiry day. Still, impact from foreign news may be seen during the day.
COVID19 is another cause of concern (globally), on the other hand, astrologically, I feel that possibly world may find some way and start testing etc. in coming period. Still, it may take long time to clear everything.
Impact of after this Lockdown or when productions will start because major towns in India are highly affected with this COVID. During war or in some other natural calamity, there is limit of area and stand still position, but this has changed entire situation for long.
For traders, situation is different, they can think of buying at lower levels or for trading, but with some watchful moves. FIIs may show some movements or their moves may be giving indications for the day. Nifty may give 100 points movement or so.
If required (in case caring long), then look for partial profit bookings. Impact of results will be giving some impact. Only movements (working practically) can be seen in IT, communication, banks, Pharmaceuticals, e-commerce/e-payment, Healthcare, Laboratories and Power with infrastructure along with food, Tea, coffee etc. These sectors will be able to maintain their financials, even though IT has some impact of their foreign partners because of COVID.
Currency may fluctuate, crude is severely affected due to global consumption and storage capacity etc.
Trade with positive mood with stop loss of 100 points.
Indian Rupee may trade in between 76.00 to 76.80 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market