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 Currency

Indian Rupee may trade in between 66.40 to 67.20 per USD.

Please like my Facebook page @ https://www.facebook.com/AnoopAstroSutra.

** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.

Advertisements

Type your question.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s