Nifty Prediction : Range bound trading | Opening may be weak

Daily Forecast – Share Market – February 8th, 2016

Range bound trading | Opening may be weak

Sun, retrograde Jupiter, are leading the day with support of Mars, Moon, Venus and Mercury. Indications are due to range bound trading, we may see sell from upper levels of nifty and due to influence of foreign market we may see pressure on our trading.

Positive moves can be seen in electrical products manufacturing segment with Transport – aviation, infrastructure, metals, movements in petro based products like automobile tyres etc. can be seen. Metals can be better for 2-3days time.

As mentioned on 05-02-2016 that market may trade within range bound, so it will be better to be watchful accordingly.

Gas and oil exploration may be bit low.

Trade wisely. Look for good companies at lower levels for short period.

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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