Daily Forecast – Share Market – April 27th, 2021

Nifty seems better before expiry | Keep a watch on local issues

Rahu with Moon and Venus is leading the day, well supported by Mars, Mercury with Ketu. Indications are that market may show swing and move further ahead. Market may remain influenced with the performance card of previous quarter or past months. This may give some boost to the market.

I agree that foreign cues may not be so supportive but keep a watch on local cues. I will prefer to keep a watch on DIIs and local institutions etc. News from various sources of government or agencies.

Remember, it’s a expiry weekly, keep a watch on banks and market may try to look for decisive indications and moves. Nifty may look to improve its level. May be looking for another + 200 points in coming days.

Banks, with financial institutions, IT, communication, leaf based segment, rubber, dairy, tea, coffee, drugs, chemicals, Pharmaceuticals, health care, electronic equipment manufacturer (especially health care), Petroleum and companies involved in multiple segments, internet service providers, petroleum (may be affected with crude), Keep a watch on other issues like Lockdown and Pandemic related.

For the time being enjoy the wave and look for opportunities on either side. Insurance at lower rates can be better for the coming period.

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.