Nifty Prediction : Mixed day expected | Buy on dip will be better with stop loss
Daily Forecast – Share Market – March 15th, 2016
Mixed day expected | Range bound trading
Jupiter retrograde is leading the day with support of other six planets. Indications are that market may show movements in different segments may be in mid-caps and small caps. Market is trading in range bound mood, but I feel at present forming a base for the next movement.
Slow moves are expected during the day. We may see a range in between 7400 Nifty point to 7575 nifty point level. Judiciary and government agencies may play another role during the day, so it will be better to keep a close watch. In coming days (may be after 10-15 days) we may see some reversal of Judiciary decision, which may influence the market.
Vehicles, infrastructure, power, with IT and travels and tourism may be showing better moves with transport.
It will be better to trade with stop loss. For a while Buy on dip will be better with stop loss.
Indian Rupee may trade in between 66.80 to 67.60 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