Daily Forecast – Share Market – August – 11th, 2017

Nifty may breach 9775 | 1% slide not surprising

Mercury is leading with Mars but negatively influenced by Rahu and Ketu, Saturn and Venus are supporting. We are in between Lunar eclipse and Solar eclipse. Impact on the market is clear. Mercury has impact of eclipse, so further slide in the market is possible. It may breach 9775 levels of Nifty too. If Nifty will touch 9740 levels then will not surprise me or slide more than 1% will not surprise me. Geo-political situation, neighbouring nations and accordingly situation etc.

It’s a time to wait to pick good equities at reasonable rates.

Mass movement is expected – may be on negative side. Trade with care. Strict stop-loss will be key.

Petroleum, IT, communication, insurance etc. may be showing more movements.

Indian Currency

Indian Rupee may trade in between 63.70 to 64.40 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.