Nifty Prediction : Nifty between 8050 to 8175 | Foreign currency important | Impact on local market

Daily Forecast – Share Market – November 17th, 2016

Nifty between 8050 to 8175 | Foreign currency important | Impact on local market

Volatility expected due to major influence of Moon and Rahu with support of Ketu, Saturn, Jupiter Mercury and Venus. We may see some pressure on the market.

Action is related with foreign related issues. Trades to foreign nations and import-export, defence and leather etc. may be active. Pressure on IT, communication, media and transport with logistics can be seen.

Petroleum, crude and foreign currency may be seen bit strong. Impact of government’s decision will be influencing market but for long-term point of view FIIs will be giving some advantage due to value of USD. European market is also not responding as it should have responded. Hence, trade wisely.

Sudden changes are expected in either of the direction.

Indian Currency

Indian Rupee may trade in between 66.60 to 68.40 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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