Daily Forecast – Share Market – August 28th, 2023 Banks tricky | Buy on dips-sell on rise | Nifty range 19200 to 19350 Sun with Ketu will lead the day, well supported by Mars, Rahu, Mercury (Rx) and Venus. After 13:32 Hrs (IST), Venus will be further active. Which means local issues may be supporting further after 13:32 Hrs (IST). Market may show recovery from lower levels. But do not forget that three Key planets are retrograde. Buying from lower levels possible, this does not mean that sell on rise is not possible. Although, foreign cues may remain better than the local cues. Nifty may show further recovery for a while. Keep a watch on foreign cues, which may be important when the week progresses. Sudden changes also possible during the week. We may see strength in INR in comparison to USD. Crude may remain around 85 USD. Volatility during the day possible. Buy on dips and sell on rise will be better. Planetary position indicates better moves. Share market time is like a HAWK flying in the sky. If you will do any mistake, sudden issues may give trouble. That means shelter is essential (Stop-loss). Reason is inflation – it may affect demand like China. Keep a watch. Fragile indications in the trade for the running period. Three retrograde planets – may give any sudden surprise. Many segments may remain active. Watch especially – banks, defence, IT (look for […]

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