Daily Forecast – Share Market – April 23rd, 2021

Traders can wait to settle down | Look for entry levels

Venus with Mars and Moon is leading the day, well supported by Mercury and Ketu. Indications are that local issues (possibly related to health/hospital etc.) and foreign cues may be important for the day.

Countries like Japan and many more countries are looking for strict measurements for COVID related alarming issues. Cross border issues and India’s alarming position for COVID is heading for further a big blast. Medicines are not available according to the requirements. If production is increased, that means may take further 7-15 days’ time to meet the market requirements.

Anyways, this may create panic situation in the nation, and may hurt the sentiments of the market. Planetary position will be changing in next fortnight, which may give its impact in the market and nation. Venus will move in own sign and lagna of India’s horoscope on 05-05-2021, which may give a better support to the nation.

According to the planetary position and COVID situation, I will prefer to look for Banks, IT, metals, any other segments, which may earn foreign revenues, sugar, defence, pharmacy, health-care, laboratories and many more may be looking positive.

I will also prefer to look for advantage if any panic selling is/will be seen in the market. Reason is increasing lockdowns, weekend curfews and other restrictions, which may hurt sentiments of common man.

Situation may be seen behaving differently after 20-06-2021 (health related issues), when Jupiter will start transiting retrograde.

Watch out at lower levels. That may give some buying opportunities to the traders. Long term buyers can look for economical rates etc.

Indian Currency

Indian Rupee may trade in between 74.70 to 75.50 per USD.

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