Nifty Prediction : Nifty looking better | Keep a watch on News from government

Daily Forecast – Share Market – August 6th, 2021

Nifty looking better | Keep a watch on News from government

Mercury with Moon leads the day, well supported by Saturn, Jupiter, Ketu, Mars and Venus. Two strong retrograde planets are also involved during the day. Keep a watch on news related to government, amendments, news from government organization, and banks etc.

Lord of share market and banks has improved its position, trade with energy and for energy related areas may remain better.

It’s a last working day of the week. Geo-political situation may give impacts in coming period. Although, planetary position is comfortable, and market may give some better moves during the day. Previous working day market has shown recovery from the lower levels. I will prefer for positive moves for the day, along with some ups and downs.

Nifty may look for new levels or better to say that levels of 16350 will not be surprising.

IT, Communication, wi-fi related segments, e-commerce, FMCG, automobile, logistics, automobile tyres, paints, reality related segments like cement, tiles, sanitary, automobile batteries, infrastructure related segments, petroleum related areas, chemicals, insurance, laboratories, leather, textiles, and paper with Pharmaceuticals and many more areas may remain active.

If market shows any dip, buy on dips. I believe that market is looking for new levels.

Indian Currency

Indian Rupee may trade in between 73.80 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.

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