Nifty Prediction : Mixed day possible | Market may try to look forward
Daily Forecast – Share Market – August 8th, 2019
Mixed day possible | Market may try to look forward
Mercury, Jupiter and Venus are controlling the day. Jupiter is retrograde but is slowing down its speed, Venus is in combustion stage, heading for total combustion. Currency is weak. National security is trying to take steps with care. Government is on alert.
Four planets are in the house of neighboring area and Mars is ready to change its house and sign. Hence, this debilitated Mars can ignite some issue for a day or so (just a chance). But this Mars is combust, so may not be able to draw much attention for the disturbance point from foreign nations.
I feel that market may try to show some buying movements at the lower levels. Or may try to form a base for the coming period. Coming fortnight (after Independence Day) may be better for automobile, paint and infrastructure point of view.
Movements in banks, financial institutions, petroleum, insurance and related segments. Leather, textiles and pharmacy needs some attention and may show movements in coming period. Mars and combust Venus may give Mixed day for trading purpose, but in coming period chances may be possible for buying at lower levels. Period is for good companies only.
Banks, financial institutions, petroleum, gold with research based segments, insurance and metals (may show action), electrical and electronics may show some pressure or action, area which is ignited is for IT, communication and logistics etc. action in coming period is possible. Trade with the coming wind.
Position for the day is mixed but may give better chances and nifty may look for up-ward opportunity.
Indian Rupee may trade in between 70.60 to 71.50 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