Daily Forecast – Share Market – August 8th, 2023

Nifty may trade within 19500 to 19650 | Volatility Possible

Venus (Rx and fallen planet) with Mercury leads the day, well supported by Mars, Rahu and Ketu. Indirectly, entire horoscope is active. Our market is indicating that despite of good runup of previous day’s movements, our own strength (government related or any other agency) is not strong. Banks and financial institutions are supporting but foreign cues or FIIs may again indicate for building pressure.

Nifty may look for 19650 but volatility is also possible on the cards. It will be better to wait for the settlement of the market around 19550 or so, then look for buy. Otherwise, stoploss at 19550 or so will be better.

Watch PSU banks with care.

Watch fashion, government moves, sophisticated products, petroleum marketing companies, entertainment, power, infrastructure, automobile, pharmaceuticals, healthcare, insurance, logistics, reality, chemicals, carbon black, automobile tyres (watch with care) aviation, defence, spirit, alcohol and related segments may remain active with so many other fields/segments.

Nifty may trade within 19500 to 19650. Volatility also possible.

Indian Currency

Indian Rupee may trade in between 81.90 to 82.80 per USD.

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