Daily Forecast – Share Market – August 16th, 2021

Emotions are positive | Market may try to hold levels | Mix possible

Saturn, Moon and Venus are leading the day, well supported by Mercury, Sun and Mars. Sun is transiting in the last degrees in Cancer sign and ready to move in own house/sign. Geo-political situation may not be decent, even then big markets may behave almost in normal ways.

This week has one trading day short. Thursday will be non-working day.

Planetary position is decent for the coming period. It will be a decent period (coming) for Automobile, power, infrastructure, and related segments.

Nifty may look to form a base on the achieved levels and move further in coming period. Important segments like IT, metals, automobile, Logistics, communication and banks are supporting this market, liquidity from cash traders and emotions are good, hence chances for the market are better (coming period), although on some days we may see mixed and ups and downs also.

Mahadasha for IT, communication, logistics and many more is active, so activities in these areas may remain continue till 2024.

I believe that market related to IT, communication, petroleum, pharmaceutical, health related segments, chemicals, gases, banks and financial institutions, automobile (for the coming period), leaf based, rubber, coffee, FMCG, defence and electrical and electronics may remain active.

Market may try to hold levels. Emotions are positive.

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.