Daily Forecast – Share Market – August 2nd, 2021

Market seems Positive | Nifty may look for another 100 points or so

Saturn with Moon is leading the day, well supported by Mars, Sun, Ketu, Venus and Mercury. Seven planets are active directly, indirectly entire horoscope is active. Indicating that movements in maximum segments can be seen, day can be better than previous. Foreign cues may remain better, lord of share market is also coming out of total combustion position. Situation may be better than previous working day.

Situation related to COVID 19 (globally and within nation) is again sounding alarm. Kerala in India has started showing pressure of COVID cases. Globally, China has started suffering with Delta variant of Corona. Even then other markets are positive, but hangover of previous activities can be seen during the day.

Crude may show some rise, which may further give impact on inflation in India. Indications are clear that impact of results can be seen during the day and coming period.

Even then market is showing some better moves and may show good movements. It will be better to buy on dips for a while. Trade wisely for banks.

I will trade for positive movements for the day. Nifty may try to show positive movements for 100 points. Trade accordingly.

IT, communication, automobile, cement, infrastructure, power, textiles, sugar and related areas, chemicals, acids, containers, defence, automobile ancillary, automobile tyres (keep a watch), carbon black, pharmacy, laboratory, e-commerce, keep a watch on banks, leather, paper, electrical and electronics with metals etc. may remain active during the day along with others.

Sudden confusion can be seen at any moment during the day or later part of the day, but I will prefer to remain positive because tomorrow may be bit better.

Nifty may show movements for 100 points or so (with positive mood)

Indian Currency

Indian Rupee may trade in between 74.00 to 74.90 per USD.

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