Nifty Prediction : Buying at lower levels & sell on upper levels Possible

Daily Forecast – Share Market – August 30th, 2018

Buying at lower levels & sell on upper levels Possible

Ketu and Mercury are leading the day with support of Sun, Moon, Mars, Jupiter and Saturn (Rx). Mars has to gain speed, whereas Saturn retrograde has started losing its speed, because next week, Saturn will also start transiting direct. This may give some impact on Judiciary decisions, political impacts and government machinery. Possibly, public unrest and other issues may get some direction etc.

Concerned issues for the market and trade are crude and currency. At first it is indicating movements in IT, but overall indications are that impact on crude, petroleum which may influence trade, manufacturing, commerce and agriculture too.

Indications are that market may look for buying at lower levels and profit booking at upper levels, hence may trade in a range.

Movements in many segments can be seen. It will be better to trade with care in PSU banks for long term. Possibly NPA’s or other activities may be influencing PSU banks in coming year. Infrastructure, power, vehicles, automobile with cement, tiles, paint etc. may be showing movements with IT, communication, engineering, electrical and electronics, crude/petroleum, shipping, Leaf based like Tea, coffee, banks and financial institutions may be interesting.

Indian Currency

Indian Rupee may trade in between 70.20 to 70.90 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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