Nifty Prediction : Nifty may test 8500 point level | Trade carefully

Daily Forecast – Share Market – August 11th, 2016

Nifty may test 8500 point level | Trade carefully

Venus and Saturn are in lead, importantly Saturn is losing its speed because will start transiting direct soon. These planets are well supported by Mercury, Sun, Jupiter, Rahu and Ketu. I feel that due to changing position of Jupiter and Saturn’s speed, market may be slow and under pressure. Working lord is also slow, so I feel that market may be bit lazy and in down mood.

We may see some impact on IT, communication, petroleum, travels and tourism with logistics after 11:00 Hrs (IST).

Banks and other areas may be showing pressure on the market and Nifty may look to breach 8500 point levels.

We may see some movements in Textiles. Or it will be better to say that movements will be based on company based. By n large mood of the market may be weak.

Crude may be under pressure. It will be interesting to see crude after 23:00 Hrs (IST).

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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