Nifty Prediction : Overall Mood is decent | Profit booking on upper levels

Daily Forecast – Share Market – September 3rd, 2018

Overall Mood is decent | Profit booking on upper levels

Ketu with Moon is leading the day, well supported by Venus, Sun, Mars, Jupiter and Saturn (retrograde). Mercury has changed its position, whereas Saturn is losing its speed, because on 6-09-2018, will start transiting direct (from evening). Hence, impact on Judiciary, working of government and government machinery can be seen in coming period. Market is enjoying formation of base, trimming of profit on upper levels or movements in many segments. Geo-political issues are important, but lord of the nation has reached to own sign and giving aspect to the house of foreign lands, indicates that our own position will be more important than Geo-political situation.

Currency and Petroleum are still ready to play some role for the trading in coming period.

Action can be seen in Leaf, rubber, petroleum, financial institutions, banks, import-export, textiles, paper, pharmaceuticals, chemicals, engineering, electrical and electronic segments. IT, communication and entertainment can give mixed results. Where as communication instruments, entertainment instruments, vehicles, cement, tiles and automobile ancillary may be doing some better movements.

Indian Currency

Indian Rupee may trade in between 70.40 to 71.20 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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