Daily Forecast – Share Market – April 30th, 2021

Buy on Dip will be better | Emotions positive

Venus, Moon and Mercury are leading the day with support of Rahu, Mars, Sun and Ketu.

Global cues may not be supportive as desired. Local market is based on performances of the local companies, organizations, their results etc. Secondly, impact of exit polls etc. can be seen today, which should not be negative.  But possibility of some tripping on upper levels. It will be better to buy on dip.

Basically, emotions of the market are positive for the period. Ups and down during the day is for the traders, but for the investors, they can use this period.

In Uttar Pradesh, 50% of the week or month will be closed, which may not break the chain as desired, but economy of common man may be affected negatively. Income may be lowered down, but expenses may remain high. Prices are rising. Cost of living and cost of life is increasing day by day.

IT, communication, molecule-based pharmacy companies, internet-based companies, textiles, electrical and electronics, communication linked instruments, wires etc. health-safety products, insurance and banking may remain active with infrastructure, cement, power, space related segments, defence and automobile in coming period may give levels for the advantage or better to say look for better levels of automobile for coming period.

Food products, FMCG, readymade garments and many more are looking better with logistics, container companies with cylinder manufacturers etc. may remain active for the day.

Buy on dip will be better.

Indian Currency

Indian Rupee may trade in between 73.70 to 74.50 per USD.

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