Daily Forecast – Share Market – August 5th, 2020

Nifty looks watchful | Sudden changes possible | Girta-badhata Market better

Mars with Mercury is leading the day, well supported by Rahu, Ketu, Sun, Venus, and Saturn (Rx). Another day for the importance of foreign cues/trading/Geo-political situation. Market may look for another levels, but combination of Rahu and Ketu may give mix performance, but other planets are also important to check such ups and downs movements. That means – even though market is positive, but some check or sudden ups and downs are also expected.

Gold and Silver are going strong. This may give direct or indirect impact on the share market in coming period. Market may try to hold the levels of 11000 levels and look for 11100 for nifty levels. Market is also influenced with COVID19, not only influenced but heavily affected. We are working out on the basis of first quarter of the year, but working of 2019 (whole year) was uncomfortable, which had gone under the carpet in the name of lockdown (not only for corporate but also for government).

Activities in defence related areas, banks and financial institutions, metals, electrical and electronics, this may give impact on white goods also. Consumer goods with certain construction related companies.

Pharmaceuticals, leather, sugar, agriculture and related segments may remain active with chemicals, e-commerce, IT, and many more segments may remain active. Sudden movements on either side may give direction for the day.

Indian Currency

Indian Rupee may trade in between 74.60 to 75.50 per USD.

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