Nifty Prediction : Pressure on Upper levels Possible | Nifty may try to hold 11700

Daily Forecast – Share Market – April 25th, 2019

Pressure on Upper levels Possible | Nifty may try to hold 11700

Venus with Saturn are controlling the day, well supported by Ketu, Moon, Mercury and Jupiter. Global trade will be important, with values of INR in coming period. Global cues may play some role during the day. Possibility of selling on upper levels. Nifty may try to hold 11700 levels. I believe that lord of the share market may try to hold levels by Saam Daam Dund and Bhed neeti, means, because this lord is in its neech rashi.

Mood is not negative.

Currency may face some pressure, impact of crude from Iran can be seen.

Companies like Biocon, banks and financial institutions with agriculture, agriculture produces, insurance, chemicals, leather, textiles, sugar, engineering goods, IT at lower rates for next 2 days. Petroleum may show some pressure, where as petroleum producers may show some better movements.

FMCG, Ready-made garments, communication instruments, and entertainment instruments related segments may be doing better.

Keep a watch on Non-market related activities too. Like national political, Judiciary and other related agencies etc.

Indian Currency

Indian Rupee may trade in between 69.50 to 70.40 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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