Nifty Prediction : Pressure on Upper levels | Nifty may breach 11000 levels

Daily Forecast – Share Market – August 21st, 2019

Pressure on Upper levels | Nifty may breach 11000 levels

Ketu, with Mercury and Venus are controlling the day and supported by Jupiter. Venus and Mars are combust. Ketu with Saturn, exchanging aspect with Rahu – influencing house of banks and financial institutions, states etc. Issues can be seen in coming period. Spinning and cotton may be cause of direction for the market along with banks etc.

House of Vehicles has some disturbance, even though lord of the house is trying to control this situation, resulting pressure on government or leader of the trades etc. Same issues may develop with infrastructure and power. This is fact that situation may improve. Foreign issues/investments are still giving impact on the local market.

Currency is weak. Indications from the planetary position is clear that pressure on government related to public inconvenience lined to employment will be increasing. Government/agencies has to review their policies related to economy; second impact will be from global slow-down. This reminds me 1992-99. Heavy retrenchments were seen during this period. Cause was over credit financing to the industries and similarly, credits were extended to the dealers etc. Cash-flow with companies was weak.

Now, planets are indicating some slowdown is possible in coming period. Crude may further go up after few months. Financial ups and downs and disturbance in states/area of China is again cause of concern for the global trend. Dashas are changing shortly.

Pressure on the market on upper levels will not be surprising. Market is still looking for direction from the government. Keep a watch on local and global news/announcements.

Mixed day for Pharmaceuticals and other areas.

Indian Currency

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.

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