Daily Forecast – Share Market – August 9th, 2021

Buy on Dips | Emotions positive | Keep a watch on FIIs/DIIs etc.

Ketu with Moon is leading the day, well supported by Mercury, Sun, Mars and Saturn (Rx). Action of Ketu normally gives active day for the share market. Mercury has changed its position and is newly moved in Leo sign and will be transiting at 00 to 1 degree during the working period of the market, indications are that this will not be able to support in normal ways, even then action for market can be seen during the day.

I believe despite of some pressure this market may try to move positively. That means buying opportunities at lower levels can be seen during the day and suggestion is to buy at lower levels.

Automobile segment may show some action because house is highly active. At the same time activities can be seen in the areas of infrastructure, power, reality and batteries, automobile tyres etc.

Activities can be seen in the areas of textiles, sugar, agriculture, automobile related to agriculture, infrastructure, automobile, automobile tyre, automobile ancillary and batteries, keep a watch on banks and financial institutions, IT, logistics, drugs, leaf-based, chemicals, dairy, textile, paper, petroleum marketing companies, metals, steel, paints, silk, communication related instruments in all areas including wi-fi, shipping, and many more etc.

Market may show some trimming and avail opportunities at lower levels. Crude is supportive for Indian market and is trading in the lower mode.

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.