Daily Forecast – Share Market – August 10th, 2021

Nifty may trade within +/- 75 points | Buy on dips

Ketu with Moon is leading the day, well supported by Venus, Sun, Mars, Mercury and Saturn (Rx). Again, Ketu is holding the key, indicating that some confusions, but positive movements are quite possible. In any dips, it will be better to buy at decent rates. If we look for global cues or other issues then market may show some “UTHA PATAK”, planetary position is indicating positive moves. So, I feel that Ups and downs with positive emotions in the market.

Globally, COVID issues are again threatening system of business. Which gave impact on Crude oil.

Keep a watch on Banks and financial institutions, which may give impact for breaking the levels, but it will be better to look for opportunities at lower levels.

Nifty may trade within Range, due to some of retrograde planets. I will keep a watch on insurance, petroleum and non-traditional energy related segments.

Non-traditional segments, banks, financial institutions, power, FMCG, Petroleum marketing companies, energy, automobile ancillary and tyres with batteries including lithium based batteries. I will look for the EV engine manufacturing companies, LCV and Heavy vehicles, along with carbon black, leaf based, coffee, rubber and many more areas with bacterial issues related segments, shipping communication, and communication instruments etc. may be doing better.

Buy on dips. Nifty may remain in range with positive emotions.

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.