Nifty Prediction : Nifty may look for 8175 | Banks may be better

Daily Forecast – Share Market – November 28th, 2016

Nifty may look for 8175 | Banks may be better

Moon, Venus and Mercury are in lead, with support of Jupiter, Saturn and Rahu. Indications are that Mercury is in baby stage, but other planets are supporting at the last stage of Mercury in the present stage. I feel that market will start improving may be due to banks, which will be getting support from its lord.

Market may change its range for the week to 8000 to 8350 nifty levels. Possibly sudden gains may surprise the market. I feel that overall situation may give some positive movements. Even though situation may be bit tough due to policy of the government and cash flow may be poor but Venus is indicating in coming period situation may improve.

USD is strengthening its position globally and Indian rupee is also involved in some malefic reasons to give a boost to USD.

Government may come up with some new announcements which may give some relaxation for the movement in trade and business, which may give some impact to banks as well to the trade.

I will be looking forward for bank, but will be reserved for infrastructure, power, housing and related segments. Even for the time being for vehicle and its ancillary may not attract me.

Volatility during the week is expected. IT, communication, e-commerce and related segments may be giving good response.

Indian Currency

Indian Rupee may trade in between 68.20 to 69.30 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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