Nifty Prediction : Market looking cautious | Local cues important | Looking forward

Daily Forecast – Share Market – April 10th, 2018

Market looking cautious | Local cues important | Looking forward

Venus with Mercury (retrograde) and Moon are in lead with support of Jupiter and Saturn. Mercury is inching for slowing down its speed, which may influence range wise trade. I feel that after forming base market may try to show some movements in coming period.

Possibility of some confusion or cautious movements.

Breweries, Pesticides, metals and infrastructure may also show some movements. Leaf based segments, IT, communication, education or related areas, sports and media, power, defence, textiles, cotton, silk and paper with Agriculture inclusive of Vehicles related to agriculture, over scrutiny may be cause of some concern.

Banks movements possible but watchful or traders may try to reshuffle their banks etc.

Local issues are better than foreign issues, so I feel bit better. Still, trade war or news from giant nations may be interesting and keep a watch.

Indian Currency

Indian Rupee may trade in between 64.50 to 65.10 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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