Nifty Prediction : Is this Sell-off story? |Global and Local cues weak

Daily Forecast – Share Market – August 6th, 2019

Is this Sell-off story? |Global and Local cues weak

Mercury with Venus and Jupiter also Mars, is controlling the day. Planetary position is not supportive. Jupiter is slowing down its speed, Venus is heading for total combustion. Mars is also combust. Mercury is enemy’s sign and weak of 1 degree 8 mins. House of finance/states has Rahu, exchanging aspect with Saturn retrograde and Ketu. Again, not a comfortable position. Currency is weak. Global business/trade situation is not comfortable. Trade war and results of respected companies are indicating global slow down (possibly).

Petroleum may show some better results, but this advantage may be lost due to fall in currency value. Local political situation, global political and trade situation, along with poor consumption and employment situation within nation is not supportive. Banks after previous financial years NPAs or fraud or likewise situations are also not leading. But probably, their low is close, but Rahu and exchange from Saturn is alarming for further issues.

Automobile is an indicator for growth in movements and same is with logistics. Both are out of control (negatively), so indications are not favourable.

I will look for negative movements during the day. If Nifty will breach next level, then will not be surprising for me. Situation like 2007/08 will also not surprise me.

Trade with care (on Pull-offs). FIIs are not involved in buying.

Indian Currency

Indian Rupee may trade in between 71.00 to 72.00 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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