Daily Forecast – Share Market –August 29th, 2018

11800 of Nifty not surprising | Trade with stop-loss

Ketu and Saturn retrograde are leading the day with support of Moon, Mars, Sun, Mercury and Jupiter. Again, positive approach for the trade, market may further look for new levels. May look for 11800 or so. It will be better to trade with stop-loss. Only point of concern is INR and Petroleum related issues. Impact of foreign trade is possible during the day, so keep an eye for the same.

Seven out of nine planets are active, indicating action in almost all the segments. It will be interesting to watch, IT, communication, e-commerce, retail, banks, financial institution, leather, textiles, paper, cotton, silk, communication instruments, entertainment instruments, electrical and electronics, engineering, cement, tiles, paints and other related segments. I will like to be watchful for automobile tyres with care. Although MRF is keeping equities close to the chest, still it will be better to look for little bit of profit booking.

Chemicals, drugs, research labs related to health care, or other research organizations, with transport, logistics, automobile and infrastructure. Interesting area can be shipping.

Trade with strict stop-loss. Pick-up equities of better companies only.

Indian Currency

Indian Rupee may trade in between 69.40 to 70.50 per USD.

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