Nifty Prediction : Nifty may show Profit booking at upper levels | Nifty may look for 11800

Daily Forecast – Share Market – April 30th, 2019

Nifty may show Profit booking at upper levels | Nifty may look for 11800

Venus, Mercury and Jupiter are leading with support of Mars. After a long weekend market will start functioning and again one day off. This week has two short working days. Planets are supporting, crude may see some interesting movements in coming period. INR may show some improvement from previous working day.

Jupiter is indicating reversal moves in Crude, means may grip rising of prices and fall is possible.

Impact of foreign trades can play some important role during the day. Possibility of profit booking on upper levels for Nifty. Even then chances of looking for 11800 levels of Nifty.

Equities for banks (normally) may play better, but it will be better to look for quality/results of the company. Avail opportunities at lower levels. Keep a watch on non-trade issues too (like political and others).

Banking, financial institutions, sports, education, insurance, petroleum related (marketing) segments, paints, and other segments consuming petro-products may be doing better. Electrical and electronics may be doing better.

Market may give opportunities at lower levels.

Indian Currency

Indian Rupee may trade in between 69.30 to 70.10 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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