Daily Forecast – Share Market – April 8th, 2021

Nifty may look for 14900 | Suddenness possible

Mercury with Moon and Mars is leading the day, well supported by Rahu + Saturn. Foreign cues may be playing their role, but lord of share market will be protecting own house, by any means, because is in the sign of Neech.

Buy on Dips may be useful.

Global cues may be playing bit tricky, because lord of foreign cues and Rahu both are active and enjoying/exchanging their negatives and positives, basics etc. Weakness in currency is another point of concern.

Certain states may impose strong steps like lockdown or night curfew etc. It is important for us to understand that even after going for vaccination, must use MASK and maintain proper rules to get rid of corona virus and save others also. Double mutation of virus is more alarming.

Nifty may look for 14900, but volatility will not be surprising. Banks, financial institutions, foreign trades, FIIs (important), chemicals, Pharmaceuticals, defence, paints, cements, alcohol, sugar, textiles, leather, automobile ancillaries, automobile tyre, metals, healthcare laboratories, IT, communication, communications related instruments manufacturing companies, non-traditional segments etc. may remain active during the day.

Petroleum, insurance and logistics, surface transport may remain active.

Trade for the day, buy on the dip may be better for the day. Nifty may look for 14900.

Indian Currency

Indian Rupee may trade in between 73.80 to 74.70 per USD.

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