Nifty Prediction : Initial pressure possible | Range of +/- 0.4% movement
Daily Forecast – Share Market – August – 10th, 2017
Initial pressure possible | Range of +/- 0.4% movement
Mercury and Mars are leading the day with support of Ketu, Rahu, Venus and Jupiter. Moon and Mercury are in the axis of Rahu and Ketu, hence impact on the trade is shaky. Ketu and Rahu are again active during the day. This combination can give sudden changes in the trend or may mislead at any moment.
Indications are for the range bound trade and may be within 0.4% (+/-). It is fact that after a slide in the market once again there may be chance of slipping position, but this may give opportunity to pick at lower levels. I had mentioned earlier too that weak equities must be discarded or exchanged with strong equities.
Six planets are active so, this may give movement in many segments. It will be better to trade with strict stop-loss. Leaf based, dairy products, financial institutions, banks, electrical and electronics, engineering with spirit, garments and other related segments may going to control the market.
It will be better to keep an eye on government’s activity as well geo-political activities. This may influence the market in coming days.
Indian Rupee may trade in between 63.60 to 64.20 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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