Nifty Prediction : Nifty may look for 11825 | Precaution on Upper levels better

Daily Forecast – Share Market – April 18th, 2019

Nifty may look for 11825 | Precaution on Upper levels better

Moon, Ketu and Jupiter are leading the day with support of Saturn, Venus and Sun. It seems that market is looking for upper levels in coming period. I agree that week is short, and weekend is long. So, market may show cautious movements too for intraday purpose. Market may look for upper levels, but due to weekend (long) selling at upper levels possible. Nifty may look for 11800 levels.

Movements in IT, communication, entertainment, transport, air transport (may give mixed results), logistics, automobile, automobile ancillary, Pipes, seamless pipes, Movements in petroleum, gas can be seen during the day.

Textiles, sugar, rice or produces from agriculture, agriculture related segments, metals, infrastructure, retail, cement, paints, automobile tyres (keep a close watch), Tea, coffee, FMCG and ready-made garments, cotton, silk-based segments may be showing their movements.

It will be better to move with the movements during the day. For long term, be careful about next 45 days. Only strong equity or trading to their lows, looking to participate in coming time – can be capitalized.

Indian Currency

Indian Rupee may trade in between 68.80 to 69.70 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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