Daily Forecast – Share Market – August 11th, 2021

Mid-caps and Small caps may trade with shy | Buy on dips (If any)

Moon with Sun is leading the day, with support of Saturn (Rx), Mercury, Venus, Ketu and Mars. Indications for the by and large market is not very strong or strong. Reason is Mid-caps and small caps are not working with the pace of IT or likewise companies. Even then due to mixed impact from global cues, market may be tired or better to say close to previous closing.

Global cues are not very strong or supportive, China is facing issues related to Pandemic, steel and other related segment in China may also face some nervousness. Impact in our market can be seen in coming period.

It will be better to be careful with the trade during the day’s first session. After one hour or so, market may show some direction and traders may feel better due to specific pattern of the market. I can say that market may be preparing for next 200-300 range of movements in the coming fortnight.

Movements in IT, Logistics, e-commerce, communication, transport, space, aviation (defence) manufacturing), defence, automobile tyres, automobile ancillary, batteries, power, infrastructure, Petroleum, leather, textiles, garments or fashion related, FMCG, sugar, agriculture related segments, chemicals, pharmaceuticals manufacturer, insurance etc.

I may prefer for Opportunities at lower levels, because liquidity in the market according to the planetary position is decent.

Indian Currency

Indian Rupee may trade in between 74.00 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.