Nifty Prediction : Market may show some pressure at opening | Opportunity at lower level expected
Daily Forecast – Share Market – April 29th, 2016
Market may show some pressure at opening | Opportunity at lower level expected
Four planets are retrograde, which is very rare event, out of which three planets are directly involved during the day and one is indirectly involved. Venus and Sun are leading the day with support of Ketu, Saturn, Mercury and Jupiter are supporting.
I feel market is deceptive and may open with negative moves and also give some ups and downs during the day. Range will be 7775 to 8000 Nifty point level. Keep a close watch on the market and related Judiciary decisions.
Vehicles, infrastructure, power, agriculture, sugar and water related issues and segments will be important during the day.
Garments, textiles, petroleum related news and segment may be doing some better. Communication, travels will be important during the day. Banks etc. may be bit weak.
I will like to look for the opportunity, otherwise trade patiently.
Indian Rupee may trade in between 66.20 to 66.90 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