Nifty Prediction : Nifty looking for 8240 | Range bound trade | Opening may be positive

Daily Forecast – Share Market – January – 5th, 2016

Nifty looking for 8240 | Range bound trade | Opening may be positive

Rahu and Ketu are leading the day with support of Saturn, Venus Mercury and Mars. Indications are that even though many segments may show movements, but Rahu and Ketu – ready for ups and downs. Slowly and gradually market may move up. Still trying to reach 8240 Nifty level.

Petroleum, Petro-products, automobile tyres, electrical and electronics, banks and financial institutions may try to be in better mode.

Little disappointment may be from any weak working from government side, but result of such move is already digested by the market, so negative impact may not be as much as was expected.

Budget mode is started, hence movements in many areas can be seen. Railways and shipping with logistics are better.

Leather, import-export and agro-products will be better.

Suggestion is to trade with strict stop-loss.

Indian Currency

Indian Rupee may trade in between 67.80 to 68.60 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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