Nifty Prediction : Profit booking on Upper levels not surprising | Trade accordingly
Daily Forecast – Share Market – February 21st, 2019
Profit booking on Upper levels not surprising | Trade accordingly
Sun, Jupiter and Venus are leading the day with support of Rahu, Ketu and Mercury. It seems that market may try to hold its positions but lack of confidence in traders mind may force for profit booking on upper levels will not be surprising. I agree that majority of planets are supporting the trade and crude. But combination of Rahu and Ketu can behave unexpectedly, as previous day by the end of the day – pulled market up, suddenly. Similarly, at any moment this combination can pull down the trade too (which will not be surprising for me).
Action can be seen in Banks, financial institutions, reality, infrastructure, power, metals, petroleum, insurance, vehicles, automobile ancillary, automobile tyres, cement, paint, tiles, sanitary, rubber material, solvents, chemicals and related segments (either side – suddenly).
Alcohol, spirit, non-traditional segments, cotton, communication and entertainment instruments, electrical and electronics, silk, FMCG with coffee may show some movements.
As and when required, book profits.
Trade with stop-loss.
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