Daily Forecast – Share Market – April 16th, 2021

Buy on dip, sell on rise | Nifty may trade for Up side

Moon with Mars, Mercury and Ketu is leading the day. Indications for the traders may remain decent, reason will be impact from foreign cues. Local issues are not under control (COVID), but as on date we are aware that economy in the long run is going to give decent runup but for traders it will be on day-to-day basis. Long term investors must wait and watch for lucrative rates, but short-term traders can go for the cues from foreign traders.

Once again, I will repeat that traders are confused (because of planetary position and alarming corona cases + beginning of lockdown in various style. In fact, governments of states are not willing to lose control from economy, but as I have mentioned in my report for transit of Jupiter in Aquarius, government (of different states) have to take strict steps to control Pandemic.

People had ignored safety measures, and thought that we are safe, but such ignorance had ignited this pandemic, we got sudden rise from 04-04-2021, alarming after 06-04-2021, when Jupiter had moved in Aquarius. Please follow safety measures.

Market may show some movements on upper side, but it will be better to ply safely and protect your funds for coming time. Nifty may show dips in coming period. Investors can wait for the better prices, and don’t go for panic selling. Because market for long term traders will bounce back.

IT, communication, reality, infrastructure, logistics, e-commerce, FMCG, sugar, automobile batteries, banks, financial institutions, Pharmaceuticals, laboratories, OTT based entertainment, chemicals, defence, and many more may look better in coming period also.

Traders can buy on dip and sell on rise.

Nifty may remain influenced from foreign cues, but local issues will also be showing importance, hence ups and downs today and coming period will be important.

Indian Currency

Indian Rupee may trade in between 74.50 to 75.30 per USD.

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