Nifty Prediction : Nifty may look for 10500 | Keep a watch at Political issues (Local and Geo-political)

Daily Forecast – Share Market – April 16th, 2018

Nifty may look for 10500 | Keep a watch at Political issues (Local and Geo-political)

Ketu and Venus are leading the day with support of Saturn, Moon, Mercury and Jupiter (retrograde). Mercury has started transiting direct and giving aspect to own house of share market, so this is clear that lord of the share market will try to protect own house by any means, because is in Neech sign. Global cues may be towards trade war or geo-political imbalances, even though, I feel local cues will be important for the trading purposes.

Engineering, IT, communication, travels and tours, with banks, financial institutions, petroleum and research related segments may be showing some important movements.

Leaf based segments, dairy, FMCG with Pharmaceuticals and agriculture related segments looking better. Cotton, leather, textiles and silk with segments related to pesticides, germs etc. may be interesting.

Mid-caps and small caps may be doing better with Nifty may look for 10500.

Indian Currency

Indian Rupee may trade in between 64.80 to 65.50 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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