Nifty Prediction : Nifty may look for 11475 | Trimming also possible
Daily Forecast – Share Market – August 13th, 2018
Nifty may look for 11475 | Trimming also possible
Moon and Mercury are leading the day with support of Sun, Saturn, Jupiter, Ketu and Venus. First day of the short working period of the week. Movements in the market can be seen for slight upper side, but indications are that market may have some pressure. Bank nifty with IT sector may show some movements.
Vehicles, battery, power, infrastructure and related segments like cement may show action in coming period with Banks, financial institutions, petroleum, leaf-based segments, point is that foreign exchange may be having pressure due to INR value, because neech rashi Venus is also active. Market may react to this in coming period or may have direct or indirect impact on the market.
Foreign issues may be active, but not influencing directly on date.
Logistics, communication and instruments may show action on the either side for few days. Possibility of some pressure can be seen during the day.
Indian Rupee may trade in between 68.50 to 69.30 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market