Daily Forecast – Share Market – August 4th, 2021

Nifty may look for 16125 or so | Emotions decent | Cash flow available

Mars, Moon and Mercury are leading the day, well supported by Saturn, Ketu with Venus. Planetary position is comfortable, foreign cues will be important along with FIIs. I believe foreign cues will be better than the previous working day, even though may remain mixed.

Market had touched new levels and new mark above 16000 of Nifty. It shows that market may look further from this level. As always mentioned in past periods that buying from lower levels will be good and the same will be better buy on dip for the time.

Banks and financial institutions may be playing important role during the day, along with agriculture related automobile and IT will be key to control the emotions of the day. Keep a watch on communication sector also.

Cashflow in the share market is good, so, market is enjoying the period.

IT, communication, web based entertainment, FMCG, logistics, travels for a while, petroleum marketing companies, defence, export and related segments, leather, paper, textiles and related segments like readymade garments, e-commerce, chemicals, power, infrastructure, electrical and electronics, space, aviation manufacturing (may be defence related) and many more segments like Pharmaceuticals, pathology laboratories and many more segments in various fields may be doing well.

Keep a watch on Nifty levels, may look for further movements of above 100 points.

Indian Currency

Indian Rupee may trade in between 73.80 to 74.60 per USD.

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