Nifty Prediction : Nifty may show pressure @ opening | Range bound trading | +/- 0.5% movements

Daily Forecast – Share Market – September 2nd, 2016

Nifty may show pressure @ opening | Range bound trading | +/- 0.5% movements

Sun is very strong with support of Venus, they are supported by Rahu, Mercury and Saturn. Mercury is defeated in planetary while is falling back. I feel that market may show some ups and downs with corrections. It will be better to be watchful during the day.

In coming days possibly crude may face some pressure. I am also not positive with foreign trades particularly from China.

Nifty may show range bound trading due to weak and slow moving lord of share market and banks etc. That means movements will not be so high and one has to trade in between +/- 0.5% movements. I believe pressure may be seen on the market.

Movements in mid-caps and small caps can be seen. On 10-09-2016 market may show negative moves and may continue for at least next 10 days.

Market may try to show opening under pressure or with some correction. Financial agencies may be bit silent as they were aggressive in past few days.

Vehicles, infrastructure, power, automobile parts and related segments inclusive of batteries may be doing better with metals etc. It will be better to trade on company / stock wise trading instead of segment wise. Telecom equipment manufacturer may also be bit better. Keep a watch on education segment.

Indian Currency

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.

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