Daily Forecast – Share Market – August 20th, 2021

Be watchful | Watch FIIs | Look for Opportunities

Moon with Venus is leading the day, with support of Saturn, Mars, Sun and Ketu. Lord of the share market and banks will be moving in own house and sign on 26-08-2021. So, I hope monthly expiry may be comfortable according to the end of the period. After this expiry, market may show some better moves. It means, we must look for opportunities before 26-08-2021.

On date, I believe that market may look better and may give previous levels also that means may be 16600 levels of nifty or so.

Geo-political situation may be tricky, Pandemic situation – globally may (again) give some indications.

For investors, banks and related segments may give any opportunities within a week or so. It will be better to look forward accordingly. I do not expect support from global cues, because of weak lord of foreign areas.

Market will be driven with support of IT, communication, logistics, petroleum products, products based on Petroleum, textiles, defence, power, automobile, automobile tyre, paints, metals, minerals, agriculture, infrastructure, chemical, drugs, pharmaceutical, tea, coffee, paper, leather, insurance and many more related to health-care etc.

Trade and enjoy due to available opportunities.

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.