Nifty Prediction : Market may feel Pressure | Gap-down opening expected
Daily Forecast – Share Market – January 7th, 2016
Market may feel Pressure | Gap-down opening expected
Jupiter is moving at the minimum speed, and on 08-01-2016 will start transiting retrograde, which will be giving impact on Petroleum – this may be due to Geo-political issues. As I have mentioned in the month October and earlier posts regarding China, USA and geo-political issues for the current period may not be comfortable for the share market.
I feel now range bound trade may be from 7600 Nifty points to 7900 nifty points or may further define its range.
We may see some negative trend in the market. Since Rahu is playing some role so, deceptive moves are again expected or we may see Volatility too.
Infrastructure, power with automobile allied segment may be better, but keep a close watch in automobile segment. Pressure on the nation due to various reasons is indicating that government is not justifying its role as it was expected, so result is also negative. Sugar, chemical, breweries etc. may be doing better with Pharmacy and healthcare related segment.
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