Daily Forecast – Share Market – August 16th, 2016

Nifty may Look for 8700 Point | Sudden changes expected

Sun, Saturn and Venus are leading the day with support of Mercury and Rahu. I feel basic mood of the market is positive, Rahu can give some sudden change in the movements. I feel Nifty is looking to cross 8700-point level. It will be better to look for +/- 0.5% movements in nifty level or better to say for range for the day.

Metals, Power, Automobiles may be in action. As I have mentioned in my last post regarding Petroleum – still I say that it will be interesting with oil exploration and marketing companies in coming days. Trade wisely.

Local cues will also be important. It will be better to look forward for logistics, transport, communication and travels and tourism. IT companies may show movements in selected companies.

Textiles and agriculture with Sugar will be better.

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.