Nifty Prediction : Pressure may continue | Trade with care | Look for Opportunities

Daily Forecast – Share Market – August 14th, 2018

Pressure may continue | Trade with care | Look for Opportunities

Mercury, Moon and Sun are leading the day with support of Jupiter, Saturn and Ketu. Mood of the market is not decided, but upper levels may show some sudden movements or may show some pressure. Currency and FMCG, may be giving direction for the coming period.

Basic norms after solar eclipse gives some pressure on the market, but it was a partial and not seen in India, so it may not be influencing our market much, but global cues may have impact. Impact of neighbour(s) is possible on the nation, which may translate to the market (but chances may be less).

After a run-up banks may be showing tiredness or trying to give some opportunity for the coming period in good banks. It will be better to Keep a close watch on communication related technical instruments or optical fibre etc. This may be better for the period. Textiles, paper, pharmaceuticals etc. with chemicals may be preparing for next movements. Government announcement or agencies announcement in coming period may be important or Judiciary announcement may be important. Automobile tyres, Dairy products and food products, pharmaceuticals etc. may remain active.

Trade with care. If market shows dip or profit booking or trimming on upper levels, then don’t be surprise. Market may remain close on next day, so be careful at the time of closing.

Indian Currency

Indian Rupee may trade in between 69.40 to 70.30 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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