Nifty Prediction : Nifty may try to look for 11100 | Trimming Possible on Upper levels
Daily Forecast – Share Market – March 7th, 2019
Nifty may try to look for 11100 | Trimming Possible on Upper levels
Jupiter and Venus are in control with support of Saturn, Moon, Sun and Mercury retrograde. Nation and market will be involved in self-analysis, or unnecessary arguments or analysis, which may cause some suspicious on upper levels, so this may show some trimming or shredding on upper levels. Mercury is still controlling own house of share market, so not easily allow to give a dip. Even then it will be better to look for opportunities at upper levels (either side). Mood is still Positive.
Currency may give some strength to the market, but pressure of crude and petroleum may give some negativity.
Movements in Automobile tyres, infrastructure, power, Leather, textiles, paper, chemicals, sugar, agriculture related segments, leaf-based, coffee, Hotels, etc. with logistics, banks and financial institutions may be doing bit better. It will be better to look for opportunities in vehicles, automobile ancillary etc.
Companies like Biocon etc. may face some pressure/trimming.
Indian Rupee may trade in between 69.60 to 70.60 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