Nifty Prediction : Nifty may look for (+) 50 points | Trade with stop-loss

Daily Forecast – Share Market – February 5th, 2019

Nifty may look for (+) 50 points | Trade with stop-loss

Mars and Mercury are leading the day, with support of Sun, Moon, Jupiter, Venus and Ketu. Moon is giving strength to own house, whereas Mercury lord of share market and Banks is improving its position, capable of holding grounds. Mars is close to change its sign and house. Which may influence partnerships (political and others) in coming days, influencing local issues and politics. Resulting impact on market.

I feel that today, maximum segments will be giving their support to the market. Recovery form lower levels can be seen during the day. Market may show some positive movements. Tomorrow and for next 2-3 days movements in petroleum or crude can be seen with insurance and related segments too. IT, communication, logistics with entertainment may be showing better movement in next 2-3 days.

Banks and financial institutions may show recovery from lower levels. Vehicles related to transport, agriculture may show some movements. Automobile tyres, cement, infrastructure, power, metals etc, with electrical products/segments may show some movements.

Currency may show some pressure. Keep an eye on political and foreign issues.

Indian Currency

Indian Rupee may trade in between 71.60 to 72.00 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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