Nifty Prediction : Buying from lower level expected | Ups and downs possible | Keep a watch on foreign market
Daily Forecast – Share Market – January 5th, 2016
Buying from lower level expected | Ups and downs possible | Keep a watch on foreign market
Mercury is close to retrograde position, hence transit speed is almost zero and hence its own impact on share market and banks etc. will be almost negligible, impact from foreign trades and markets will be important.
Jupiter and Sun are leading the day with support of Saturn, Rahu, Venus and slow-moving Mercury. Mars is indicating that importance of cues from foreign trades will be important, for the nation Mars is not giving any comfort sign.
Jupiter and Sun are indicating that possibly we may see some buying from lower level, because market is range bound and may trade in between 7700 to 8000 nifty points (for a while).
Textiles, breweries, chemicals, infrastructure, petroleum-based products and gold related products may be doing better. Telecom, communication, media will also be better.
Keep a close watch on issues related to judiciary and economy may also be influencing market on date.
Indian Rupee may trade in between 66.20 to 67.00 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