Nifty Prediction : Nifty looking to cross 8500 | Keep a watch on local cues

Daily Forecast – Share Market – July 12th, 2016

Nifty looking to cross 8500 | Keep a watch on local cues

Jupiter is strong with Venus and retrograde Saturn. Mars will be supporting foreign trades till 13:47 Hrs (IST). After this Mars will be coming back to own house. Indications are that market may open with positive note and may try to cross 8500 Nifty point level.

Important point is that local cues will also be important. Cues from the government news and Judiciary/agencies will also be important in coming days.

We may see some profit bookings. Mercury is indicating that for share market local cues will be also important now.

Petroleum (exploration or marketing) related segments, fertilizer, import-export, engineering, forging, defence, Jewellery, leather and pharmaceuticals will be better. Insurance and financial institution will be better.

Vehicles, spare parts, infrastructure and related segments may be doing better.

I feel, market may show some more positive moves.

Indian Currency

Indian Rupee may trade in between 66.90 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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