Nifty Prediction : Sudden changes possible | Buying at lower levels/selling at upper levels
Daily Forecast – Share Market – August 16th, 2019
Sudden changes possible | Buying at lower levels/selling at upper levels possible
Mercury and Venus (combust) are leading the day with support of Saturn, Mars/Rahu, Ketu and Jupiter. Weak Venus is ready to change its house and sign. Sudden changes can be seen after or around 10:55 Hrs (IST). INR is weak. Situation for employment will not be supportive to the market.
House and lord of bank are highly active. Rahu, Ketu and Saturn with Mercury are active. Foreign issues are also not encouraging. Pressure on oil (crude) is also possible due to slowdown issues (globally).
Buying at lower levels can be seen during the day. Pressure on upper levels (possible). Market may try to form a range in between 150 points of nifty (from 11075 to 10925 or so).
Sudden ups and downs will not be surprising.
Action can be seen in banks, financial institutions, Petroleum, IT, communication, automobile and infrastructure (in coming period). It will be better to take precaution in transactions related to import-export and linked with foreign cues, metal, electrical and electronics etc.
This is also fact that after this flood situation, we may see action in infrastructure, power and related segments.
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.
Categories: Share Market