Nifty Prediction : Nifty may remain Range bound | Mood is not negative | Trade wisely

Daily Forecast – Share Market – January 10th, 2018

Nifty may remain Range bound | Mood is not negative | Trade wisely

Total combust Venus, Ketu, Jupiter with Moon, Rahu and Mercury are leading the day. Horoscope leader is not in a position to guide properly. I can say in other words that local issues may not be impressive to drive the force. Foreign cues may be influential. It will be better to look for cues from neighbouring nations. Local issues related to various areas in nation may be cause of concern.

I agree that many segments may show movements, which may give some positivity to the market and possibly some gains can be observed. Banks and financial institutions may be active. It will be better to look for better equities and get rid of weak equities. It’s a time to go for equity wise, avoid segment or story wise buying. End of the month has Lunar eclipse. So, long term planning (for a month is not advised).

Spirit, liquor, alcohol, pesticides, bio-technology based, laboratory, insurance, finance companies, cement, infrastructure, power, renewable energy, vehicles, automobile segment, ancillary units, automobile tyres etc. may be active during the day/period.

Range of (+/-) 50 Nifty point levels is possible

Indian Currency

Indian Rupee may trade in between 63.30 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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