Nifty Prediction : Watch for Nifty 8400 point level | Market may try to open Positive

Daily Forecast – Share Market – July 11th, 2016

Watch for Nifty 8400 point level | Market may try to open Positive

Jupiter and Venus are in lead with support of Moon, Mercury, Saturn and Rahu. Indications are that majority of the segments may show movements. Initially we may see movements in banks etc. along with share market. Lord of share market and banks will be changing its position after 09:47 Hrs (IST). I believe that the Mercury will give an opportunity to rise at the opening of trade.

Today again market is looking for the foreign issues, which may give good trading mood.

It will be better to focus on basics of the trade and be watchful for the results of companies and other related issues. Mercury is indicating that basics of the trade is valuable for the period.

Jupiter and Venus are giving strength to the trade and day. Possibly government may give some positive indications.

Keep a watch on governments policies and announcements. Today again foreign cues and emotions will be important.

I will like to look forward for Engineering, defence related, power, logistics/transportation and spirit related segments. Textiles, fertilizer and agriculture related all segments are important, this may include animal farming and its products (dairies) will be better.

Keep a watch on 8400 Nifty point level, market may try to breach this level.

Indian Currency

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.


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