Nifty Prediction : Chance of lazy but positive opening
Daily Forecast – Share Market – November 18th, 2015
Chance of lazy but positive opening
Mercury is still under pressure and trying to come out of the Shadow of Sun, so will be under pressure at least in the opening, but cues from foreign issues will be important for this trading session.
Saturn and Jupiter are indicating that possibility of some positive movements, in petroleum, shipping and from foreign trades too.
Indian rupee may show some check, and may either try to hold its position, but keep a close watch because of affliction from Saturn. Government may try to give some indications that in coming days they may work on GST etc. so, it may give bit movement in the market.
Banks and education may also show some sign of relief or coming out of pressure.
Petroleum marketing companies with agriculture, IT, transport, media, and communication will be doing some better. Tiles and cement and related segment with automobile related field will also be better. Pharmaceuticals and healthcare can be better.
I hope bit better day. It will be better to belief for range bound trade (between 7700 to 8000).
Indian Rupee may trade in between 65.70 to 66.50 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market