Daily Forecast – Share Market – August 3rd, 2020

Nifty may test 11000 -11200 | Trade wisely

Mars and Mercury are leading the day, with support of Moon, Jupiter, Ketu, Venus, and Sun. Importance of foreign nation/trade/political issues cannot be ignored. Local banking and financial issues will also be playing key role. FIIs and DIIs will also be key for the day. All the planets will be active during the day.

Currency, gold, and crude will be important factor for the day, along with the news related to US elections, COVID and many more may influence the fluctuations in the market. Possibility of corrections from upper levels.

This may lead to breach some levels of 11000. Lord the share market has moved out of its sign and house of banks and financial institutions. But remember, unlock 3.0 will also be affective from the weekend. Religious and political activities are on the card within the week.

Recovery from lower levels will not be surprising. Area of activities – Banks, financial institutions (either side), IT, communication, entertainment, transport/logistics, crude, gold, boarder(s), leaf-base areas, rubber, solvents, insurance, laboratories, fast-food(s) and many more.

Activity bound day possible. Nifty may try to test areas like 11000 or 11200.

Indian Currency

Indian Rupee may trade in between 74.50 to 75.40 per USD.

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