Daily Forecast – Share Market – August 30th, 2021

Market Celebrates Krishna Janmashtami | Look for decent day & Nifty for 16800

Moon may important role with Sun, Mars, Saturn, Venus and Ketu. Planetary position for the local market is better. Itwill be better to keep a watch on foreign issues, Geo-political situation etc. Otherwise, chances for Nifty – possibility of 16800.

Banks and financial institutions with share market may enjoy this period, reason is lord of these areas are enjoying own house and sign advantage. INR may also improve its position. Market may enjoy blessings of Krishna Janmotsav. This does not mean that we can ignore STOP-LOSS.

Pandemic globally and in our country is also increasing or giving indications/warning to maintain precautions and take proper care. Jupiter is falling back in Capricorn with Saturn, which may be a period for concern, either with COVID or some other. Take necessary precautions.

It will be a tough period for middle class again, although lord of public may try to help us, so we must take care of our own steps and deeds.

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.

I may look for transport segment (multi axle areas – like railways related etc.).

Trade and enjoy the day, stop loss is important, because of geo-political situation.

Indian Currency

Indian Rupee may trade in between 73.00 to 73.90 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.