Daily Forecast – Share Market – August 14th, 2019

Nifty may try to hold base | Buying at lower levels possible

It’s a day before one day off, and weekly closing will be seen today. Market will be cautious, because after one day working, we will see weekend’s off.

Mercury and Venus are controlling the day with support of Jupiter, Saturn, Moon and Ketu. Venus is totally combust, unable to give direction or support the day properly. Impact on currency and other related segments can be seen during the day. Government is not in decisive mood to support the businesses like auto and others. Impact will be high on employment and which may lead other areas also.

Geo-political and business conditions are also not normal, hitting businesses. Mahadasha is indicating that period of slowdown may be bit long. Jupiter is indicating, advantage for crude.

Saturn and Ketu are active, with Mercury, hence house of banks and lord of banks are active and may not give much desired results. Trade with care.

Textiles, leather, pesticides or related segments, petroleum, gas, solvents and chemicals etc. may be showing movements. I feel some movements can be seen during the day and buying on sell-offs possible. Again, for long term investors, better to wait for setting the direction.

Nifty may try to hold position and possibly show buying at lower base.

Indian Currency

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.