Nifty Prediction : Profit booking expected | Nifty may look for 8800 in coming days
Daily Forecast – Share Market – September 1st, 2016
Profit booking expected | Nifty may look for 8800 in coming days
Venus and Sun are leading the day with support of Mercury retrograde (defeated in planetary war), Rahu and Saturn. Venus and Sun will propel this market whereas lord of the share market Mercury is retrograde and is involved in planetary war with Jupiter, which may try to show some pressure on share market. Venus is lord of India’s horoscope’s ascendant and Sun is again positive but will be involved in the solar eclipse (out of India), hence influence from foreign trades may give some impact on coming period.
It will be better to be positive for a while and trade according to the wind of the trade. Initial profit booking can be seen. But indications are that market may look for 8800 Nifty point after profit booking.
This is also true that now it will be difficult to breach 8700 nifty point level.
I feel that Dairy products, with communication, IT and media may feel some pressure on date. Automobile, ancillary, aviation infrastructure, power, cement and related areas may be doing better.
Keep a close watch on Judiciary or agencies related decisions, which may influence in coming days. Educational segments may also be doing better in coming days.
Indian Rupee may trade in between 66.50 to 67.40 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