Daily Forecast – Share Market – August 4th, 2023

Trade with stoploss | Sell on rise | Buy on dips (watchful – segment wise)

Venus with Ketu leads the day, well supported by Mars, Rahu, Jupiter and Mercury. Important period for the news from our own nation, can be political or commercial. Results of various companies have influenced the market and may further give its impact.

On previous working day, market had shown reversal moves, but global cues may again give its impact. I agree that today, Rahu is playing not as deeply as it was on yesterday. Even then swing or waves also possible.

Remember, today is last working day of the week, after these two days of holidays. So, before going for long on either side, be watchful. Sell on rise will again be suitable for the period.  Nifty may show some rise, but book profits as and when required. Mood of market is bit different than the past period.

Only positive planetary indication is that Moon is forming good relationship with Mars, Venus and Mercury, which may give movements in many segments also – including banks, finance, national news, local results, metals, defence and electrical and electronics, but we can not ignore foreign cues and news (business related or political issues).

Nifty may be again ready to show sell on rise, and watchful buy on dips (segment wise). Crude may show further movements towards 86 USD.

Indian Currency

Indian Rupee may trade in between 82.10 to 82.90 per USD.

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