Daily Forecast – Share Market – August 30th, 2023

Better emotions from Foreign cues | Nifty 19300-19450

Mars, Venus with Ketu are leading the day, well supported by Sun, Rahu, and Mercury. Still three planets are transiting retrograde. Indicates that chances of unexpected moves – mainly due to foreign cues and news from local agencies etc.

Nifty may again remain within range of 19300 to 19450. It will be better to look for opportunities at lower levels. That means buy on dips or watch bank Nifty because of retrograde lord of banks and share market.

Overall situation indicates for recovery – for a while.

We may see activities in the segments of automobile (two-wheeler), batteries, watch petroleum gas and related segments, automobile tyres, logistics, entertainment, IT (especially midcaps and small caps), power, defence, space (for long term investments), chemicals, Paper, textiles, insurance, banks and financial services/institutions, alcohol, communication instruments, pharmaceuticals and healthcare etc.

Other segments may remain involve in movements.

Crude is maintaining previous levels, although INR is also maintaining around previous levels.

Nifty within range of 19300 to 19450. Stop-loss at 19300 will be better.

Indian Currency

Indian Rupee may trade in between 82.30 to 83.00 per USD.

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