Nifty Prediction : Nifty may breach 8500 point level | Local cues are important

Daily Forecast – Share Market – July 14th, 2016

Nifty may breach 8500 point level | Local cues are important

Jupiter is in lead with Saturn which is transiting retrograde and Venus. Sea related segments are comfortable. One has to balance their strategies. Possibly market may show some mix performance. It will be better to Guard your profits. It will be better to understand that positive mood of the market. This may give opportunity to buy at lower levels.

I feel movement may be in the range of +/- 0.5% range.

Financial institutions, insurance, leather, Textiles, engineering and petroleum may be doing better. Defence, Jewellery, gems, fashion related segments with retail industry will be doing better.

Local cues are very important. Government news and announcements, Judiciary and other domestic issues will be important.

Market may try to breach 8500 point levels.

Indian Currency

Indian Rupee may trade in between 66.70 to 67.40 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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