Nifty Prediction : Nifty may hold levels and move bit positive | Trade with care
Daily Forecast – Share Market – August 13th, 2019
Nifty may hold levels and move bit positive | Trade with care
Beginning of a short week for the business purpose. Mercury and Venus are controlling the day with support of Jupiter, Sun, Ketu and Saturn (Retrograde). Mars and Venus are under shadow of Sun. Venus is total combut. Indications are that house related to IT, communication, logistics and entertainment etc may show action on either side. House of banks and financial institutions is also active.
Results of trade war can be seen in coming period for crude and petroleum, gold etc.
Impact of foreign cues may not be important or not going to support the local market. Crude may face some pressure; hence petroleum marketing companies may feel bit better.
Automobile, textiles, pharmaceutical, cotton, electronic and electrical and many more segments may be showing movements. Currency may feel some pressure along with Gold etc.
Action can be seen in IT, logistics, entertainment and travels and tourism etc. Communication may feel some pressure.
Cotton, FMCG, ready-made garments and related segments may show some action.
Nifty may like to hold its position also for base and indicate some positive moves. Global market may not be comfortable, but today’s movement in our market may remain positive.
Indian Rupee may trade in between 70.80 to 71.80 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