Nifty Prediction : Nifty may look for 11425 | Pressure on upper levels possible

Daily Forecast – Share Market – August 7th, 2018

Nifty may look for 11425 | Pressure on upper levels possible

Sun, Saturn with Moon are in lead for the day, where as Mars, Jupiter, Mercury and Ketu are also active. Mercury is close to one Navmansha distance from Sun, so inching towards total combustion within this week. Indicating that market may slow down its pace or may head for little bit of reversal moves in coming period. Or activities may be influenced. Impact of foreign issues/market is possible around Lunch hours.

Political issues/partnerships among political groups may also indirectly influence this trade in coming period. Indications are that market may move in 11400 (Nifty range) but possibly feel difficult to hold this level.

Movements in maximum segments can be seen. Banks are still active, may be bit controlled in coming period. Logistics, vehicles, automobile ancillary, infrastructure, power, cement, textiles, paper, pharmaceuticals, health care related segments with leather, import-export and cotton, textiles, FMCG, fast-food or food related segments may show movements with many more areas.

Action during the day in almost all segments related chemicals, carbon black and many more can be seen.

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.

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