Nifty Prediction : Market is in positive mode with a chance of some ups and downs
Daily Forecast – Share Market – April 20th, 2016
Market is in positive mode with a chance of some ups and downs
Venus and Mercury are leading the day with support of 5 planets – Saturn, Jupiter, Moon, Sun and Ketu. Indicating that almost all segments will be participating during the irrespective of direction of the market.
I have mentioned in my earlier post that market is looking for 8000 Nifty points in coming days, so with some ups and downs market is in a mood to move ahead. This has to be based on local issues, news etc.
In spite of some loss bookings banks will be doing or improving better. Ketu is always indicating to be watchful, but also indicating that Silk etc. will be doing better. Drugs related to bacteria will also be doing better.
Engineering, infrastructure, power, fertilizer, irrigation, or leaf related segments will be doing better. Petroleum marketing companies may be doing better but exploration may face some disturbance.
IT, communication, media, transport and paper will also be doing better in coming days.
Only cause of concern is Ketu, which may give either consolidation or profit booking or sudden any news which may give sudden changes, so be aware.
Indian Rupee may trade in between 65.80 to 66.60 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