Daily Forecast – Share Market – April 9th, 2021

Ups and downs | Suddenness Possible | Nifty may look for 14950

Mercury with Mars and Moon is leading the day, well supported by Jupiter and Saturn. Interestingly, Saturn is transiting at the same degrees of Rahu, that indicates that Saturn or Rahu have strong relationship during the day. Their significations may have same as each other (Saturn or Rahu). Otherwise, market is giving comfortable indications, not only from local but also from global movements.

Nifty may look for 14950 or so. It will be better to trade with the stop loss, because suddenness on either side will not be surprising. INR is losing its base. Gold may show some upper side movements.

CORONA is rising very fast. As mentioned in my earlier posts to maintain proper precautions. Vaccine is precautionary, but again we must take necessary precautions for the pandemic. State governments may be compelled for further strict actions, but I believe that this time, actions may try to protect commercial activities, so that economy of government may remain under control.

Layman must check their expenses and try to avert blind trades, to protect their funds.

Crude is holding its level. Liquidity in global market is seen, that means share market, may remain active positively in the running period.

Activities can be seen in Banks, financial institutions, economical activities, Keep a watch on Pharmacy sector, along with health care, insurance, chemicals, defence, solvents, Petro-products, Paints, carbon black, Tyre, batteries, cement, automobile, electronic and electricals, internet related, space, textiles, sugar and related segments like alcohol, and laboratories (diagnostic also) etc.

FMCG and communication will be watchful.

Trade with positive mood. Nifty may look for 14950 or so.

Indian Currency

Indian Rupee may trade in between 74.20 to 74.90 per USD.

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