Daily Forecast – Share Market – August 28th, 2018

Nifty may look for New levels | Enjoy trading but with care

Ketu and Jupiter are leading the day with support of Sun, Moon, Mars, Mercury and Saturn (Rx). Mars has started transiting direct. Market movements are still decent, foreign cues will also be doing their job. Seven out of nine planets are active and indicating that majority of the segments may remain active. Indicating that market is in a mood to look for new levels.

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. Crude may play an important role.

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 70.10 per USD.

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