Nifty Prediction : Global trade, local support and Planets not supportive
Daily Forecast – Share Market – August 2nd, 2019
Global trade, local support and Planets not supportive
Venus, Jupiter, Saturn and Mercury are controlling the day with support of Ketu. Saturn and Jupiter are retrograde, Venus is within one Navmansha distance with Sun, heading for total combustion. Mercury is slowly started picking up its speed, but still very slow, with Rahu. Mars is also confirming support from foreign trade is not seen in coming period. Venus is clearly indicating that local market support is under pressure, due to performance of the market because of which companies are under pressure. Their debts may increase, employment issues may be seen further tough.
As it was in 1994-96, many job retrenchments were seen. Because of which middle aged persons were out of job, I am afraid of same type of situation should not develop.
This may lead to the issue with government also, for non-collection of tax targets etc.
Time is to look to protect your funds or go with debt investment for a while. Market is losing its confidence.
Gold may indicate that pressure on this share market may continue for a while. Crude may have some pressure. On rise try to get rid of weak equities. It seems that market is not comfortable.
Market may look for breath from the results of few companies. But will it be able to give proper support. Global trade-war and other issues are tough with local demand trend.
Trade with guards. Put calls will be important.
Indian Rupee may trade in between 68.70 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.
Categories: Share Market