Daily Forecast – Share Market – May 4th, 2020

Pressure possible | Wait/Watch – before trade going for trade

Mars, Sun are leading the day with Venus and well supported by Ketu. Importantly, Mars is in its last degrees and ready change sign from Exalted sign to enemy’s house/sign Aquarius. Mercury lord of share market and ban/financial institutions is total combust (within one-degree distance from Sun).

Indications are clear that some pressure can be seen during the day, impact of foreign cues, FIIs and results of last quarter.

Regarding COVID 19, Mars will be moving in Aquarius, before this movement, few announcements may give some encouragement towards this Pandemic.

This period is also indicating US-China tussle can be seen in coming period.

I will prefer to be watchful for my cash funds, before going for long investments, reason is clear – economy after or during this Pandemic impact may take a long to come for growth. Lord of the share market is not comfortable.

Wait, and allow the market to settle down during the day, possibility of buying at lower levels possible. Gap down is possible.

Banks and financial institutions may also be not supportive.

Only chance is some news in the coming period from government or government agencies – may give support to the market in coming period. Time has come for Proper financial design for the coming period – so that growth can be seen in coming years – may be after one or two years. I mean – if we can avail advantage under this adverse condition.

Wait and watch before going for trade.

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.