Nifty Prediction : Mood is positive | Global cues/currency important | Trade with stop-loss

Daily Forecast – Share Market –August 16th, 2018

Mood is positive | Global cues/currency important | Trade with stop-loss

Mercury and Moon are leading the day with support of Mars, Sun, Jupiter, Saturn and Ketu. Indications are clear to look for opportunities for the coming period. In coming period, we may see movements in Vehicles, infrastructure, power, automobile segment (all areas), insurance, petroleum etc.

Petroleum, sea related, IT, communication, transport, logistics and related segments may be showing movements. Banks are active in either side, with Textiles, leather, sugar and eatables. Government expenditure may be giving boost to the related segments in coming periods/months. It will be better to look forward, even after trimming of market on upper levels.

Automobile tyres, Dairy products and food products, pharmaceuticals etc. may remain active. Reality, Oil and gas may show movements.

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 70.20 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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