Daily Forecast – Share Market – August 13th, 2021

Nifty looking better | Emotions and Liquidity in favour of Market

Moon with Mars is leading the day, well supported by Saturn (Rx), Mercury, Venus, Sun and Ketu. Foreign cues may play important role during the day. Importantly, Neech rashi placed lord of ascendant of India’s horoscope is placed with the lord of emotions, in the house of share market. Indicating that news from government agencies/government etc. may give some support to the market in coming days also. Emotions of the market with liquidity is positive, which is good for the market’s movements.

It will be better to keep a watch on “Pharmaceuticals” companies – based on global news. This may give impact in coming days.

Crude oil is under control, in comparison to the previous rise. Which can be good for the countries like India, although relief to the nationals of the country is not seen in coming days. I believe that market is preparing for further new levels above 16400.

Banks are better with defence companies like BEML or others included with aviation or manufacturing warfare related produces in shipping also.

Petroleum products with marketing companies, with automobile tyres, automobile, banks and financial institutions, power, health care system, and manufacturing units, EV based automobile engine, engineering with electronics and electrical instruments, communication instruments, communication, IT, logistics, Heavy commercial vehicles, with Light commercial manufacturing companies may be doing better with agriculture automobile vehicles, pesticides and biotech based companies may be doing better in coming period.

Nifty may prepare for 16400 or so in coming period or better to say 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.