Nifty Prediction : Nifty Enjoying 11000 (+) levels | Consolidation Possible upper levels

Daily Forecast – Share Market – February 7th, 2019

Nifty Enjoying 11000 (+) levels | Consolidation Possible upper levels

Mercury will be moving to Aquarius sign and day is well managed by Mars, Ketu + supported by Rahu, Venus, Jupiter, Sun and Mercury. Foreign cues or out of the market cues may give impact on the market during the day. After 12 noon, impact of foreign trade may be bit more (Chances), hence keep an eye. Market may try to hold previous day’s position with some positive trade too. Pressure on upper levels possible, market may try to consolidate at upper levels.

Movements in many segments can be seen. Banks and financial institutions may be doing better. Few banks may face pressure. Still I feel that levels of the Index may remain satisfactory. Because of movements in many segments. Electrical and electronics, metal, automobile tyre (may give opportunity). Company like Apollo Tyres, Ceat and MRF may give some better movements in coming period, look at the price and scope in coming period.

Crude is rising, which can play temporary impact. Currency may be cause of concern, Keep a watch.

IT, Petroleum, entertainment, communication instruments and logistics may be doing better.

Trade with care. Keep an eye on foreign cues

Indian Currency

Indian Rupee may trade in between 71.00 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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