Nifty Prediction : Nifty may try to hold base | Mid-caps and Small caps may be better

Daily Forecast – Share Market – April 9th, 2018

Nifty may try to hold base | Mid-caps and Small caps may be better

Venus with Mercury are leading the day, well supported by Jupiter, Saturn, Moon and Sun. Local issues may play better role than the foreign issues, Mercury is trying to hold own share market house or better to say will try to protect own house. Four other planets indicate that movements in various segments can be seen during the day. Mercury will be losing its speed for us, so movement or volume or range of movements may be bit less/slow.

Government agencies may be doing better, or it will be better to say that local cues may be much important and supportive. Communication, transport/logistics, communication instruments, few IT companies, with Textiles, Paper, Agriculture with Pharmaceuticals may be showing action. Vehicles, automobile tyres, Biomed/bio-tech based segments, research etc. with sea, defence and leather may remain active.

Petroleum, insurance, and financial institutions with leaf based segments and FMCG.

Pressure from foreign cues not surprising, but market may show strength or stamina to hold own base.

Indian Currency

Indian Rupee may trade in between 64.60 to 65.20 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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