Daily Forecast – Share Market – August 24th, 2018

Profit booking Possible | Look for Opportunities

Moon with Ketu is leading the day, well supported by Sun, Saturn, Jupiter and Mercury. Point of concern is currency and Nifty’s runup from past so many days. Mars is close to change its direction of direction of transit (for us), that means slowing down speed. Indications are movements in both side, and pressure on upper levels can be seen. It will be better to wait for going for long term.

Research related, Pharmaceuticals, leather, IT, textiles, reality, cement, tiles, Energy, power, and related areas may be showing movements, but or profit booking can be seen on upper levels in many segments.

It will be wise to trade with care at this level of market for a while. Let the dust settle down after a run-up. Geo-political situation may be important in next week, so better to wait and watch.

Indian Currency

Indian Rupee may trade in between 69.60 to 70.40 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.