Nifty Prediction : Nifty may try to hold 11000 and Look for 11100

Daily Forecast – Share Market – August 19th, 2019

Nifty may try to hold 11000 and Look for 11100

Ketu, Saturn and Venus are leading the day with support of Mercury and Jupiter. Saturn is retrograde and Venus is trying to come out from total combustion stage. Sun has moved in own house and sign of Leo. Foreign cues may not be comfortable or may not be supportive. Crude may remain within range. Market may show some movements.

China’s period of Saturn Mahadasha is in the last phase (chhidra dasha and dasha chhidra both). Hence may be facing some more issues related crude or finance related or national issues, which may give impact on the market also.

Textiles, Sugar and leather with cotton, communication related instruments, banks and financial institutions may be showing activities. Petroleum and Gas may also show some activities. Period for infrastructure and automobile will be within range, action from government or agencies can be seen in coming period. Pressure of unemployment will be on the market.

Other segments may also not be feeling healthy environment, because of lack of consumption in the market. Indicating that market may try to be within range.

But I feel that coming period may give some movements to Automobile, infrastructure and power etc. Keep a close watch on foreign cues related to China in next 3-4 months.

Nifty may try to hold its position, but chances may give to look for 11100 and try to hold 11000 levels.

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.

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