Daily Forecast – Share Market – August 3rd, 2018

Pressure/tiredness possible on Nifty | Trade with care

Mercury retrograde and Sun are in lead with support of Saturn retrograde, Jupiter, Ketu and Moon. Mercury has started moving in the influence of Sun, hence results of share market and banks are under pressure. We may see range of (–) 50 points in Nifty levels and again movement for some upper levels or better to say wobbling can be possible.

This is fact that political and other issues are also influencing the trade of the day. Judiciary and government agencies and government may announce, which may influence the trade. It will be better to avoid long. Next week – possibly some pressure can be seen.

Movements in many segments can be seen. Vehicles, cement, power, infrastructure, petroleum, textiles, pharmaceuticals, chemicals, carbon black etc, may be doing better. I will look for communication instruments and technical products like optical fibre or like wise segments for the long term.

Trade with strict stop-loss for either side.

Indian Currency

Indian Rupee may trade in between 68.40 to 69.00 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.