Nifty Prediction : Nifty looking for 11600 | Positive trade expected | Stop-loss important

Daily Forecast – Share Market –August 23rd, 2018

Nifty looking for 11600 | Positive trade expected | Stop-loss important

Ketu, Sun and Moon are controlling the day with support of Jupiter, Mercury and Saturn (retrograde). Moon will be moving in Capricorn sign at 10:25 Hrs (IST). Indications are in the favour of positive movements for the day. Now, two days of the trade have left during this week, so, I feel market may look for 11650 within coming period or I can say that strength of the lord of share market is good for the period.

Action can be seen in leather, agriculture, paper, textiles, IT, communication, banks, financial institutions, Petroleum, insurance, research related, Biomed or related segments like Biocon etc, education, sports, vehicles, automobile ancillary, logistics – like gati, SRMT etc.

Sugar, FMCG, Pharmaceuticals, chemicals, cotton, communication instruments and related segments may show movements. Keep a watch on the action of government and unrest among public (if any).

It will be better to invest before going for the back-ground of companies (financial and strength), because market is trading on upper levels. Always trade with stop-loss (when on upper levels) for safety reasons. Keep an eye on foreign issues/trade and Judicial agencies.

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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