Daily Forecast – Share Market – April 19th, 2021

Ketu supportive but Lord of market AST | Pressure possible

Ketu with Mars and Moon is supporting the day, well supported by Mercury and Jupiter. Importantly, lord of share market is totally combust. It is also true that this lord may try to come out of total combustion within one and half day. Secondly, on 21-04-2021, Indian stock market will remain close, next day will be the day of weekly expiry.

Covid Cases are heading for new levels, which is not only alarming for common man, but also for the business circle. It will be better to trade with care, reason is on date market may show pressure on upper levels. Or Gap-down Opening is possible. Pharma and health-care important.

FIIs may be playing again some role during the day because lord of foreign trades or foreign lands is important for the period. Nifty had tried to hold the levels when it was supported by Neech lord of share market. This lord is very week on date, due medical reasons, and other panic issues.

Importantly, weekly lockdowns or curfews or likewise situation is creating panic among public, they have images of 2020. Many workers have left their karmsthali (workplace), which may hurt their economy and buying capacity for the coming period. In other words, consumers from urban areas have / are moved/moving to rural areas, so demand for Urban may go down.

IT, communication, Broadband, OTT, e-commerce, power, FMCG, FMCG related to rural areas, Products for Urban areas may lose their demands for the coming period. Banks will be enjoying advantages, but chances of NPAs or delayed payments may increase.

Good period for companies involved in laboratories (healthcare) including start-ups (in the areas). We can say that certain sectors may enjoy advantage under adverse conditions.

I will look for IT at better rates, with communication/logistics etc. Time for logistics is ahead, warehouses and likewise situations. It will be better to keep close news for the companies, Pandemic ups and downs.

Wait and then look for trade. Protect funds. Time is tricky for the running period.

Indian Currency

Indian Rupee may trade in between 74.20 to 75.00 per USD.

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