Nifty Prediction : Nifty may be range bound | Looking for Local cues

Daily Forecast – Share Market – August 2nd, 2016

Nifty may be range bound | Looking for Local cues

Saturn with Ketu in lead and Rahu, Venus and Sun are supporting during the day. Indications are that market may feel some pressure, but again at any point of time market may change its movement in different direction.

Venus and Sun with leader Saturn are indicating that government’s moves and working may give some positivity to the market.

Transport and travels may be doing better but due to shadow on Moon, possibility of some ups and downs, but will be positive. IT may show some volatility. Logistics and media etc. will be better.

It will be wise to look for Agriculture, financial institutions, Chemical for adhesive or adhesive segment, electronics, Textiles, food products etc. may be better.

Automobile allied segment may also be better with cement and infrastructure companies.

Indian Currency

Indian Rupee may trade in between 66.40 to 67.20 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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