Daily Forecast – Share Market – May 4th, 2021

Nifty may look for direction | Safe game better

Moon, Sun and Mars are leading the day, with support of Venus, Rahu and Mercury. Globally, COVID cases are not much deadly, because of their vaccination drive, especially in western part of the world. That is why they are better than India etc.

This is also seen that during past few days, decline in national COVID data is seen, possibly due to fall in the cases from Maharashtra or so.

Due to uncertain policy or daily basis analysis of lockdown, market is confused. As I had mentioned in my study for transit of Jupiter that states and ministers have to act strictly for controlling situation, same way, state governments are acting.

Indications for currency – will be better than previous days, gold is rising with crude.

Mercury and Rahu are in conjunction, indicating suddenness in the market or unpredictability in coming period will not be surprising. Market is looking for direction. Venus will be in own house today after lunch, that means in coming period some news from Government, which may try to give direction in the market for a while.

Movements for IT, communication, e-commerce, logistics, automobile, automobile tyres, automobile batteries, Pharmaceuticals, healthcare, electrical and electronic equipment related to healthcare, FMCG, non-traditional products, dairy, leaf-based and Organic products may be looking forward during the coming period. Reasons are – during pandemic or lockdown, these areas will be in action. In case of home isolation or proper lockdown, we may be needing these services and activities will be seen – work from home basis. In case no lockdown, even then these sectors will be active.

Market seems for consolidation, and ups and downs will not be surprising. Nifty may try to look for 14700 and on other side may look for 14550.

Indian Currency

Indian Rupee may trade in between 73.60 to 74.40 per USD.

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