Daily Forecast – Share Market – August 23rd, 2021

Nifty may look for 16600 | Suddenness/Ups and downs possible

Moon with Venus is holding the key for the day, with support of Rahu, Ketu, Mars (C) and Saturn (Rx). Foreign cues may remain better, but will they be giving support to our market or own issues will be important. Rahu Ketu may play their own role and at any time may give sudden moves.

I believe that market may try to regain previous levels with some ups and downs (just a possibility due to Rahu, Ketu).

Nifty may show movements for 100 points on the upper side on previous levels. Trade with guards.

I will prefer to look forward for banks at better rates (if available). Next week onwards, period for banks and share market may remain better, because lord of the market and banks will be in own sign and in the house of share market. Hence, chances for banks, financial institutions and share market may remain better.

Infrastructure, automobile, petroleum related segments, automobile tyres, automobile ancillary, defence and space/air related segment, technologies, communication, wi-fi based segments, e-commerce, logistics, Pharmaceuticals, healthcare, Pathology laboratories with chemicals, sugar, textiles, engineering, leaf-based, coffee, fashion related, FMCG and many more may remain active.

Trade and enjoy the day but stop-loss important Rahu/Ketu are active.

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.