Nifty Prediction : Cash-flow in market is decent | Market seems positive | Volatility possible
Daily Forecast – Share Market – August 5th, 2021
Cash-flow in market is decent | Market seems positive | Volatility possible
Moon with Mercury is leading the day, well supported by Venus, Saturn, Mars, Rahu and Ketu. Indications for the day will be clear that seven planets are directly active and indirectly all the planets and entire horoscope is active for the day. But may be slow movements. Market is enjoying upper levels, but due to some or other reasons from geo-political situation and business condition, movements may be bit slow, and combination of Rahu-Ketu may give volatility, so I will like to be prepared for the same.
Local economy is improving but point of concern is unemployment or better to say the persons who lost their jobs or still getting salaries with deduction after working either from home or from office, closure of offices and retrenchment of lower grade employee etc. They are not getting any job opportunities according to their skills or profile. Undoubtedly, openings in logistics, e-commerce is improving but that profile is different.
Crude is falling, but local rates for petroleum products are not reducing.
Keep a watch on banks, financial institutions, Pharmaceuticals, petroleum, leaf based products like tea or tobacco etc. with coffee (seeds based), sugar, textiles, chemicals, and FMCG, paper, leather, alcohol, electronic and electricals, defence, space or IT, logistics, e-commerce, web based segments, agriculture related, power, metals, many more areas like laboratories, health-care electronic products etc. may be doing well along with many more areas.
Market emotions is decent. Cash-flow in the market is good, that may be the reason for the current market run up. Buy on dips (if any). Market may look for further new levels.
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.
Categories: Share Market