Nifty Prediction : Profit Booking on upper levels possible | Movement positive possible

Daily Forecast – Share Market – February 4th, 2019

Profit Booking on upper levels possible | Movement positive possible

Moon and Mercury are leading during the day with support of Mars, Sun, Jupiter, Venus and Ketu. Sun, Moon, Mercury, Ketu are in the same house, I agree that it’s not a GRAHAN like situation, but planets are directly or indirectly influenced with the malefic impact. Hence market may show some Profit bookings on upper levels. It may be trimming on upper level or may be bit more than trimming.

Crude will also give impact direct or indirect, currency is also slowly and gradually missing levels (as off now).

Movements in many segments can be seen during the day, because out of nine, seven planets are active. Hence, either side – trimming or rising can be seen in many segments. Impact of foreign cues will also be important. Impact of Opposition parties may be hurting sentiments of market in coming period.

II will not name segments, because 7 out of 9 planets are directly active and remaining are indirectly active. Trade with stop-loss on either side. Hence, mood is positive but Profit booking on upper levels possible. Mercury is ready to give support; other planets are also active.

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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