Daily Forecast – Share Market – April 1st, 2021

Buying from lower levels | Market seems better

Mercury with Moon is leading the day, well supported by Mars, Saturn and Jupiter. Interestingly, Mercury has moved in debilitated sign, giving strength to own house of share market. Global cues are also interesting, US may have some issues because of planetary movements. Directly five planets are active, whereas indirectly entire horoscope and planetary position is active.

A long weekend, market will be closed from Friday to Sunday.

I feel that according to planetary position, market may hold levels, despite of various planetary position and conjunction of Mars and Rahu, which is hurting sentiments, but other plants are supporting. Jupiter will be moving in Aquarius sign on 06-04-2021 at 00:21 Hrs (IST), which may be interesting for various purposes.

I believe that market may show some buying from lower levels and share market will be looking to hold its levels by SAAM, DAAM, DAND and BHED policy (Niti), because on date neech bhang is also seen. This period will be till 17-04-2021, but Jupiter will also start playing its role in coming days.

COVID is also in alarming stage, layman is not ready to understand regarding seriousness of return of corona. It will be interesting to see position after Mid-night of April 5^th, 2021.

This is also fact that market has given best of results within past one year (if we see lower levels of 24-03-2021, but if we see previous levels of this date or announcement of lockdown, then return is different.

Activities in many segments can be seen including banks, financial institutions, export related, sugar, cotton, insurance, laboratories, healthcare, automobile, IT, communication, logistics, housing and infrastructure with many more segments may be showing movements.

Chemicals, lubricants and Petroleum based segments may have various impact during the day. It will be better to look for e-commerce, FMCG, PSU banks and other related segments may remain active.

Buying from lower levels can be seen during the day.

Indian Currency

Indian Rupee may trade in between 72.90 to 73.60 per USD.

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