Nifty Prediction : Nifty may look for 10925 or so | Trade wisely

Daily Forecast – Share Market – January 16th, 2019

Nifty may look for 10925 or so | Trade wisely

Venus, Saturn and Sun are in command with Mercury and Jupiter. Affliction is less, hence positive movements can be seen. Crude may give some positive vibes, Currency may be little bit of cause of concern, but may not be influencing negatively. We are heading closer to Lunar eclipse, hence Upper levels are possible, because after this eclipse chance of down trend possible.

Petroleum, and related segments, with insurance, financial institutions, Banks, Jewellery, Building, infrastructure, power, metal, cement, paint, Automobile tyres, Automobile and ancillary. Logistics, IT and communication, entertainment, communication instruments, Textiles, Leather, Tobacco, and leaf based segments can show some movements.

Nifty may look for upper movements.

Investment for short term will be better. Traders can have some positions for short term. Still, market is close to Lunar eclipse, so, sudden changes are possible, hence trade with strict Stop-Loss.

Indian Currency

Indian Rupee may trade in between 70.60 to 71.40 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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