Nifty Prediction : Again a shaky start expected | Market is looking to form New range level

Daily Forecast – Share Market – April 11th, 2016

Again a shaky start expected | Market is looking to form New range level

Mercury, Saturn and Venus are leading the day with support of Moon, Sun and Jupiter. Only two retrograde planets are influencing this market. Mars is heading to curve, slowing down its speed for us, so we may see that impact on share market may be from our own issues will be more than the foreign issues. But still it will be better to keep an eye on foreign issues or this period may show pressure on foreign markets/trade related to foreign.

Market is again indicating a cautious start in the market, reason is that no indication is clear for the market. It’s a short week for trading purpose.

Travels and tourism, Transport (inclusive of railways), entertainment, communication and IT may show some gains. Power, irrigation, agriculture, infrastructure, sugar with metals etc. may be better.

I feel market is forming another range, and that may be 7450 to 7700 Nifty point level or may revise it to upper level of 7675.

Indian Currency

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.

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