Nifty Prediction : Market may Open with Positive | Possibility of Range bound
Daily Forecast – Share Market – February 17th, 2016
Market may Open with Positive | Possibility of Range bound
Sun, with Mars and retrograde Jupiter is leading the day with support of Moon and Mercury. Indications are that market may try to be range bound, because issues from foreign lands will be important for our Market, reason is lord of foreign lands is strong and giving strength to the foreign lands and disturbing health of local market, whereas other planet like Sun, Moon and Mercury are giving strength. Jupiter can give some ups and down in gains etc. Rang of the market can be Nifty 6975 to 7225 point level.
I feel, pharmaceuticals, engineering, infrastructure etc. can be better with automobile tyres and ancillary of automobile. Communication, companies involved in information provider role, VAS, transport and media can be better.
Fertilizer, sugar and leaf based products with food and related segments can do better.
It will be better to trade with caution. Small traders should be watchful.
Indian Rupee may trade in between 68.20 to 68.90 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