Nifty Prediction : Nifty may look for 10650 | Buying at lower and selling on Upper possible
Daily Forecast – Share Market – February 20th, 2019
Nifty may look for 10650 | Buying at lower and selling on Upper possible
Venus with Jupiter is in lead well supported by Rahu, Ketu, Sun and Mercury. Moon and Mercury are forming decent relationship, indicating that once again buying from lower levels possible. Market may try to hold nerves around 10650. But combination of Rahu and Ketu can once again give sudden changes in the market.
But sudden changes are also possible due to Rahu and Ketu (in action). So, strict stop-loss will be better.
Crude is rising, resulting petroleum products are not supporting the normal business. Global trading cues are not bad, but local political and neighbouring activities are not supportive. Keep a watch after a rise on other issues. Rahu is active and is influencing boarder area/nation.
Other planets are supporting the market. Banks, financial institutions, metal, automobile, but I am doubtful for automobile tyres, communication etc. IT, communication instruments, entertainment instruments etc. may give some movements with logistics etc. Infrastructure, real estate and automobile alignments with cement and paints etc. may do some better. FMCG with Petroleum please keep an eye.
Chemicals, solvents, alcohol, spirit, non-traditional segments may be showing some movements.
It will be better to buy at lower levels for good companies and discard weak companies at upper levels. Market may show doubtful moves for coming period too. Market is looking proper support from planets in long term, which is not seen in next few months. Hence, direction is not so strong.
Trade accordingly. As and when required book Profit.
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.
Categories: Share Market