Nifty Prediction : Market may open with pressure | Range bound expected | -/+ 0.5% movement expected
Daily Forecast – Share Market – August 17th, 2016
Market may open with pressure | Range bound expected | -/+ 0.5% movement expected
Venus, Saturn and Sun are leading the day with support of Rahu, Ketu and Moon. Planetary position is indicating for range bound trade. Rahu and Ketu are for sudden changes in the trend whereas Venus, Saturn and Sun are supporting, but conjunction of Sun and Rahu is not comfortable position. I feel market may be in the range of -/+ 0.5%.
It may show range in between 8575 to 8690, because Nifty is not looking to breach 8700 point level.
Global cues as well local cues are important for the day because Venus is also in command. Moon is indicating that movements in logistics, travels and tourism with communication and entertainment may be in lime light. Containers etc. based on synthetic or fibre may be better or petro-based will be doing bit better.
It will be better to keep a close watch on Infrastructure or power related companies. Keep a close watch on Judiciary or government agencies related news for the company(ies).
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.
Categories: Share Market