Daily Forecast – Share Market – April 28th, 2021

Emotions Positive | Opportunities at lower levels | Keep a watch on FIIs

Venus with Moon is leading the day, well supported by Jupiter, Rahu, Mercury and Mars. Moon will move in Scorpio sign and this may give a change in the trade emotions. Foreign cues may not be strong. Pandemic is not giving any relief to the nation. Area wise some relief is observed for a while, like Maharashtra has started giving some better indications.

This may give a message in favour of Lockdown.

Market is looking for a rise for next 1000 points in coming period or better to say that market is looking for previous levels in coming period. This means with ups and downs, market may take a positive direction.

Interestingly, in 1992, Saturn was transiting in Capricorn and in current period also Saturn is transiting in Capricorn. Difference is Rahu in 1992 was in Banks, which was in 2019 (current period), during 1992, Rahu Ketu axis had exposed exploited areas of banks, similarly in 2018/19 exposure in banking area was seen and corrective measures were taken in both the periods.

I will prefer to look forward for IT, communication, e-commerce, automobile batteries, chemicals, gases, health-care equipment manufacturer (for a while), online entertainment, logistics, multi-axel vehicle manufacturers, defence and many more segments like banks/insurance etc. will be doing comparatively better than other industries, because of work from home or likewise situations. This may give a direction to Power also.

Look for opportunities at lower levels. Rahu may give some volatility, but market is looking for direction in coming days. Possibly try to go back to previous levels on upper side.

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.