Nifty Prediction : Open with upper level from previous day’s closing | Keep a watch on foreign trades

Daily Forecast – Share Market – February 4th, 2016

Open with upper level from previous day’s closing | Keep a watch on foreign trades

Jupiter, Moon, Venus, Mercury and Sun are controlling the day. Jupiter is indicating again reversal from previous closing, Moon is indicating waves of up Venus and Mercury are also supporting but also indicating that such movements in the market is not for a normal traders.

Market may show recovery from previous closing, but still will like to look for further lower levels, because is forming range bund but slowly and gradually losing its lower base.

Petroleum and related companies like gases may show wave for up-side.

Breweries, rice, textiles, infrastructure, power, Jewellery, VAS and related segments can be doing better. Companies involved in digital development can show some moves.

Over all we may see buying during the day. It will be better to be watchful and if required then book profit from upper levels.

Trade watchfully, book profit as and when required.

Indian Currency

Indian Rupee may trade in between 67.40 to 68.10 per USD.

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

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