Daily Forecast – Share Market – August 26th, 2020

Nifty may form base | Opportunities on dip | Move after settling the dust

Ketu with Venus is leading the day, Mars, Saturn, Jupiter, Sun and Mercury are supporting. It will be better to look watchfully at the time of opening of the market. Banks are comfortable, with financial institutions. It will be better to watch the important levels, so that market may move smartly upwards.

It is not advised to chase the market. Look for buying opportunities on dip (this may be better for better positions). FIIs are giving comfort to the market. Planetary position is not bad, only point of concern is Political issues with neighbouring nation(s).

INR is bit better due to weak USD (bit), as US government has pumped cash to improve liquidity in their markets. Even then chances of improving USD little bit in comparison of INR

Metals, automobile, automobile tyres (opportunities), IT, communication, e-commerce, web-based entertainments, transport and logistics (all surfaces), infrastructure, power, building related materials including tiles/ceramics etc. Packaging industry (poly packaging), textiles, leather, gold (on dip), engineering, electronics (especially defence related) and many more segments may show movements.

Wait and watch, let the market settle down. Buying at dips. Please ignore chase of levels.

Indian Currency

Indian Rupee may trade in between 74.00 to 74.80 per USD.

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