Nifty Prediction : Nifty may look for 11600 | Sudden movement on either side possible

Daily Forecast – Share Market – August 21st, 2018

Nifty may look for 11600 | Sudden movement on either side possible

Ketu with Moon is leading the day, well supported by Sun, Jupiter, Saturn and Mercury. Planets are active, indicating that market is still in a mood for positive run. It is also fact that on many occasions we have seen that a run up gives a chance to hold the breath and then move ahead. So, possibly after a runup market may try to take a breath, but still planetary indications are decent.

Auto segment, auto ancillary and automobile tyres may be decent with cement, infrastructure, power, metals and other movements like transport, IT, communication instruments including segments like Optic fibre or cable etc. Indications for PSU segment may be comfortable for a while. FMCG, chemicals, drugs, insurance, financial institutions, sports, education, banks and related areas may be doing decent movements.

It will be better to check strength of the company/equity before going for buying in this period, otherwise this may give a set back too in coming period.

Fertilizer, leather, textiles, paper and cotton, silk, with agriculture produces may be showing movements. It will be better to watch wisely leaf based and coffee products.

Tomorrow is off, so it will be better to be watchful before going for a break.

Indian Currency

Indian Rupee may trade in between 69.40 to 70.10 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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