Nifty Prediction : Positive opening | Results/Foreign cues Impact

Daily Forecast – Share Market – April 29th, 2020

Positive opening | Results/Foreign cues Impact

Mars, Ketu and Sun are holding the main lead for the day, well supported by Saturn and Venus. I believe that foreign cues may be strong to guide the market and possibly in positive direction. Results and related issues may also be influencing the market according.

Impact of COVID is heavy, only anticipation and hopes may be influencing the market. This will be last working day for the long weekend.

Now, companies are trying to come up with the trials for the Vaccine of COVID. So, this may give some positive sentiments in the global areas. But still, results on large sample size is awaited.

Automobile, power, infrastructure, agriculture and related segments may be showing some movements.

Whatever, you are holding, be with the holding, before buying, be reasonable. Possibility of gap-up opening, so opportunities will be minimized. Try to buy at reasonable levels, reason – it is a long weekend. Check your risks, because environment is bit tough, although planets are not in a bad position.

Petroleum may be in pressure, e-commerce is decent, slowly and gradually, local markets (in various parts of India) are opening. Leading companies may be doing bit better. FMCG, communication, Pharmaceuticals and retail etc. may be doing better.

Trade with the wave. Enjoy the day.

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.

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