Nifty Prediction : Nifty may look for 10750 levels | Waves possible– lower side may be 10690

Daily Forecast – Share Market – May 8th, 2018

Nifty may look for 10750 levels | Waves possible– lower side may be 10690

Venus and Moon are leading the day with support of Mars, Sun, Mercury, Jupiter and Saturn. Importantly, Jupiter and Saturn are transiting retrograde, Mercury is in last navmansha. Foreign cues and political movements are also important for the coming period. Cautious moves can be seen during the week, even though market has not much negative impact. But we may see some pressure on upper levels and hold on or around 10700 of nifty levels. Nifty is trying to look for 10800 levels but due to political reasons, cautious movements are seen.

Banks are active with IT, communication, media, logistics, Vehicles, commercial vehicles, agriculture related vehicles, automobile ancillary, automobile tyres and batteries may remain in better position with dairy products. ICICI may show some moves. Keep a watch on PSU banks.

Infrastructure, power and allied segments are also showing movements, renewable energy may show some new movements with optic fibre and pharmaceuticals, electrical and electronics may show movements.

Trade with positive mood but watch is important.

Indian Currency

Indian Rupee may trade in between 66.70 to 67.40 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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