Nifty Prediction : Local issues weak | Sell on rise will be better | Guard funds
Daily Forecast – Share Market – April 22nd, 2021
Local issues weak | Sell on rise will be better | Guard funds
Ketu with Mars and Moon, well supported by Venus + Mercury. Weekly expiry day, market will work after a days holiday and after tomorrow again a weekend. Pressure of Lockdown in various areas of nation is imposed, because of careless movement of public.
Sell on rise will be better. Protection of funds can be Profit in some period.
COVID cases are alarming, tests in many areas are not done by Private laboratories, hence load on government machinery is huge. This is creating or increasing further harm to the public. Infection is increasing at speedy rate.
Panic among common man is another reason for storage of food or related items.
Anyways, this is tricky position in the market. Ketu is strongly active during the day, indicating impact of virus/Germs/Biotech is important. Keep a watch on communication instruments, defence, foreign related news, impact from foreign cues will be important. Our own cues may force traders to play on backfoot.
I believe that according to current planetary position nationwide lockdown or production (like previous year) is not seen in coming period. Consumption in urban areas may be affected.
Biotech based Pharmaceuticals, health-care, gases, chemicals, company producing COVID related medicine, sanitizer related chemicals, alcohol, IT, communication, wi-fi based or related companies, optic fibre, banks and many more may remain active.
It will be better to sell on Pullbacks or sell on rise will be better. Market may be tricky. Play safe.
Indian Rupee may trade in between 75.20 to 76.00 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market