Daily Forecast – Share Market – February 8th, 2018

Nifty may try to hold Levels | Looking for upper levels| Volatility Possible

Mars, Ketu and Jupiter are leading the day with Venus, Sun and Mercury. Indications are that market may try to hold its position, whereas cues from foreign market may be bit tricky. Nifty may try to hold its position above 110050 and move ahead. Banks and financial institutions may remain active.

Possibility of changes near closing of the day, sugar, leather, pharmaceuticals and agriculture related segments may show some gains. Still, automobile tyres may show some gains, better to look forward. Banks and financial institutions may show some better movements. Crude and Petroleum may show some movements.

Keep an eye on Gold. Cotton, readymade garments, textiles, chemicals, carbon black, solvents, other related segments may be showing movements.

It will be better to look for the movements in electrical and electronics, Paper and silk with communication instruments etc.

Volatility is possible at any levels. Nifty may try to look for upper levels, but lack of confidence and support, profit booking possible on upper levels.

Indian Currency

Indian Rupee may trade in between 70.80 to 71.80 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.