Nifty Prediction : Market may be positive | Nifty may look for 8650 | Volatility possible

Daily Forecast – Share Market – August 30th, 2016

Market may be positive | Nifty may look for 8650 | Volatility possible

Sun and Mercury are leading the day with support of Saturn, Rahu, Ketu and Venus. Mercury is close to the slowest movements during the day, because will start transiting retrograde after business hours (in Indian market).

Indications are that market may show slow movements may be up side. Rahu Ketu are again influencing this market hence volatility is possible. Mercury will be retrograde, hence, I will not prefer to look forward with the wind of today. Reason is market may show change in direction after retrograde movement of Mercury. It will be better to note down the closing value of Nifty and other indexes, because on 20-09-2016, we may be close to these values.

Transport in all the surfaces may show movements with communication, media, Vehicles, Defence, infrastructure, power, food related segment may be doing better. Cement and other materials related to the housing may show some movement with automobile tyres and paints segment. Communication and its instrument manufacturing segment may be better.

Engineering and electrical equipment related segment with chemicals, health care inclusive of hospital etc. maybe doing better.

Indian Currency

Indian Rupee may trade in between 66.80 to 67.50 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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