Daily Forecast – Share Market – April 29th, 2021

Nifty Looking for 15000 (coming period)| Enjoy expiry

Venus with Moon and Mercury is leading the day, well supported by Saturn, Rahu and Mars. Indications from the local cues will be playing important role during the day. I believe that market has positive sentiments even though situation of COVID is alarming, but market believes that shortly this grim situation will be under control.

Astrologically, Lord of horoscope’s ascendant or better to say Venus which represents leader of the nation, will be in own house, only point of concern is in the axis of Rahu/Ketu. Planning may be high, but it will be complicated to meet goals, because of unknown reasons or execution. Even then situation will improve or may start coming under control. This does not mean, that Corona will come under control.

Sudden break to movements will not be surprising – may be for short term in restricted but influential areas. This means, situation of medical support may improve in the coming fortnight along with facilities, like medicines, Oxygen and other supportive systems.

Nifty may look for 15000 levels or close to the same (possibility). It will be better to keep an eye for 14950 or so.

Keep an eye on FIIs and DIIs. This may give another direction to the market.

IT, communication, banks and logistics with FMCG is doing better. Keep a watch on textiles, leather, Pharmacy, chemicals, infrastructure, Power and many more segments are active and may remain active in coming period also.

Automobile is forming a base and may move in coming period with better sentiments. Non-traditional and insurance, petroleum Products with automobile tyres etc. are decent. Paint and cement industry is also moving with normal movement.

Enjoy the day with desired levels around 14950 or so, of Nifty.

Indian Currency

Indian Rupee may trade in between 73.90 to 75.60 per USD.

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