Nifty Prediction : Nifty may again look for 10500 | Waves possible | Trade with stop-loss

Daily Forecast – Share Market – January 4th, 2018

Nifty may again look for 10500 | Waves possible | Trade with stop-loss

Mercury with Jupiter and Venus are in lead, well supported by Moon and Ketu. Mercury is strong and indicating that can give some support, even though lord of the horoscope is weak, so full advantage is not possible. Market is trying to control 10500 Nifty points, but unable to hold this level.

Petroleum, gas, banks, financial institutions, educational segment, Oil, dairy products, defence and related fields may be active during the day. I feel that many segments will be active but may be less than yesterday’s movement.

Chemicals, drugs, biotechnology based segments, pesticides and insurance etc. may show movement. It will be better to trade with guards, because some waves like movement is possible. Time to look for strong equities and get rid of weaker.

Any support from government or its agencies is not expected – I mean any announcement from agencies not possible. Because different issues may be cause of concern for the government. Opposition is trying to bring head of the government under their pressure. But coming week, we may see, once again government will be holding back their feet.

Market seems to be positive, once again may try for 10500 level of Nifty. Waves possible. I am positive for banks in coming period.

Indian Currency

Indian Rupee may trade in between 63.25 to 64.00 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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