Nifty Prediction : Trading – Be watchful | Nifty 11025 or so, not surprising
Daily Forecast – Share Market – July 31st, 2019
Trading – Be watchful | Nifty 11025 or so, not surprising
Jupiter, Venus, Mercury and Saturn are active during the day. Moon is moved in Cancer sign. Three planets are retrograde, Mercury is slowing down its speed. Mercury is in its own sign, but weak. Unable to give advantage to the house of banks and finance. Venus is also not comfortable, so, support from government policies are not seen.
Market has lost its levels gains after general election. Hence, panic is seen in the market. When three retrograde planets and two combust planets are active, market may have lack of confidence and sudden breakdowns etc. Now, important level is near to break.
Planetary position of the day is not comfortable. Foreign support or cues are not supporting/helping our market for a while. That’s why, I mentioned to hold your money (for long investors) for the suitable time.
Mars is indicating that issues related to foreign nations will not be supporting the market, situation based on local cues will be important, which is not comfortable. Are we heading for 2008/09 or closer to this? Reason is planets are indicating that common man is not able to incur expenditure or go for purchasing. I feel global scenario may be likewise. Giant MNCs (from USA or others) are based on mass population related nations like India, China. Both have same story related consumption, resulting Giant companies of USA or other countries may have to face slowdown; resulting global financial slowdown.
Hold your funds (long term investors). Traders who are known as “Mandarias” may trade. Planetary positions will be sorted out after few days. Jupiter is also going to slowdown its speed, after August 10th, possibly Crude may show upward direction or set for a direction. But from November 2019, crude may show upward movements, which may not be decent for countries like India.
Nifty may open with some pressure. Keep a watch on IT, communication, Logistics and related areas.
Indian Rupee may trade in between 68.50 to 69.30 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Daily Panchang