Nifty Prediction : Nifty may again try to look for 10940 | Waves again possible

Daily Forecast – Share Market – January 17th, 2019

Nifty may again try to look for 10940 | Waves again possible

Sun, Venus with Mercury are controlling the day, well supported by Saturn and Jupiter. It seems another shining day for the market with some clouds and waves. Nifty may look to recover the previous day’s level. Crude may show some wave or up side movements. All sea related segments may show some ups and downs in coming period. Ketu is totally combust, impact of ups and downs in automobile, metal, cement, automobile tyres and auto equipment can be seen during the period.

Banks, financial institutions, insurance, Jewellery, Jewels with import-export may look bit better in coming period. IT (specific companies), communication, and logistics with Wine and alcohol may show some jerks in coming period, because Eclipse is involved for the segments. Electrical and electronics may be better. Large scale electrical segment may also look better for the long term.

Decisions of government – it will be better to keep a close eye on such announcements. Because, many issues may not cover in interim budget, and government may like to announce time to time. Time has come to pick selective equities before this month.

Nifty seems better for the day.

Indian Currency

Indian Rupee may trade in between 70.60 to 71.60 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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