Nifty Prediction : Pressure possible | Look for opportunities at lower on either side

Daily Forecast – Share Market – September 11th, 2018

Pressure possible | Look for opportunities at lower on either side

Venus and Moon are leading the day with support of Sun, Rahu, Jupiter, Saturn and Ketu. Petroleum and currency are key to the trade, along with foreign investors/traders. Indications are possibly some pressure can be seen, but I will like to look for opportunities for better equities. Nifty may show further lower levels but buying at lower levels also possible. It will be better to be careful because it’s a short week and next one will also be short week for trading/business and settlement purposes.

Indian Rupee and petroleum are not showing any sing of relief, which may be causing issues for the manufacturers and business houses by this way or that way. Hence, mood of the business will not be good.

IT, communication, textiles, leather, export, Coffee, fast food related or better to say food related segments, metal, engineering, cement, paints and vehicles (at lower rates) will be better for trade.

Petroleum, insurance and research based companies may be doing better.

Sudden changes in market will not be surprising, for any direction.

Indian Currency

Indian Rupee may trade in between 72.10 to 73.00 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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