Daily Forecast – Share Market – April 5th, 2021

Buy on dip | Nifty may show volatility | Range +/- 150 points

Debilitated Mercury (Neech rashi) with Moon and Mars is leading the day well supported by Saturn and Sun. Jupiter is ready to move in Aquarius sign at midnight. Lord of share market is giving support to own house, cues from foreign lands and others may be decent after long weekend. It seems that despite Pandemic is high, market is giving positive indication for the day. Market is looking for positive opening. In case Nifty touches 14950 levels, will not be surprising for me. Volatility due to planetary position will not be surprising.

State governments may take strong measures to check this spread of COVID, this may be an alarming situation. This may give volatility in coming period also.

Foreign cues may be decent, with local indications, market is not in pressure.

It will be better to play for positive mood, look for opportunities at lower levels, and in case opportunities at upper levels, then in weak companies, better to book profit.

IT, communication, banks and financial institutions, automobile (including two wheelers), tyres, chemicals, petroleum, Pharmaceuticals, leather, insurance, Health care and many more will be doing better. Keep a watch on announcements from various state governments – related to Pandemic, which may be giving some direction for the coming period.

Market may give volatility. Range can be within +/- 150 points of nifty (Both sides). That means buy on dips. Market may look for opportunity to break the levels for break-out. The period will be till 17-04-2021.

Indian Currency

Indian Rupee may trade in between 73.10 to 73.80 per USD.

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