Daily Forecast – Share Market – August 3rd, 2021

Nifty may show lazy moves | Tiredness around 15900 possible

Moon and Mercury are leading the day, well supported by Venus, Saturn, Mars and Ketu. Foreign cues may remain mixed, although Local issues may remain bit better because of expectations related to the quarterly results etc., even then progress may remain bit lazy. Planets are in positive frame, lord of the share market is coming out of total combustion zone, indicating good for banks, and over all share market, because lord is in a position to give its support.

Issues related to nation or common man may still be under confusion, because Moon and Rahu in lagna are within 1 degree distance, but slowly and gradually, situation may improve. I believe that market is waiting for some exciting news or event, otherwise is feeling tiredness at and around the levels of 15900.

We must consider Pandemic impact in China, and other nations. Although markets in various parts of country is opening slowly and gradually, which may give impact on related segments of the companies – like FMCG, electrical and electronics, capital goods, IT, communication, Fast food related, chemicals, Pharmaceuticals, banks and financial institutions, keep a watch on aviation, logistics and related segments of HCV and LCV in automobile segments, similarly keep a watch on automobile tyres, batteries and ancillaries.

Overall position is not bad, but tiredness and laziness can be seen around 15900 of Nifty.

Indian Currency

Indian Rupee may trade in between 73.90 to 74.70 per USD.

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