Daily Forecast – Share Market – April 13th, 2021

Mixed day Possible | Sell on rise will be better

Mercury with Moon, Mars, Ketu is leading the and well supported by Venus. We have entered in New Samvatsar. Wishing you all a very happy New Samtsar. Tomorrow market will be closed, so trading may have impact of the same.

Impact of Pandemic is high, governments of various states are indicating lockdown, due to high rise in COVID cases. Infection is rising very high.

Now, shall we see US market or US market had followed global trend? Geo-political trend is not very positive. Market may have some advantage of previous year’s working of IT, communication, e-commerce with Logistics. But disadvantage of fear of Lockdown, real impact may be seen this pandemic after Political rallies, election, Kumbh etc. In fact previous years’ experience for the financial aspect is alarming government and layman. If we are hoping for clarity for Lockdown, then better to forget such clarity, because of movements of Pandemic.

It will be better to keep a close watch on the market movements, sell on dip will be better for the current period.

It will be better to look for Opportunities in IT, certain banks, communication, web-related segments, Optic fibre, OTT platform or likewise segment. Defence, e-commerce, Pharmacy, health-care, Insurance, sugar, FMCG, metals and many more segments may be better for long term.

Keep a watch, trade with care, sell on rise will be better. Mixed day is possible.

Indian Currency

Indian Rupee may trade in between 74.60 to 75.40 per USD.

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