Daily Forecast – Share Market – August 22nd, 2019

Nifty may trade within Range of 10875 to 10975

Venus, Ketu with Mercury are leading the day and supported by Jupiter. Venus is still 2 degrees + is away from Sun but trying to come out of total combustion. Impacts on the government and pressure is clear. House of bank is under pressure, although Lord of bank is trying to hold its ground. If, house is not in the order, how a lord can help much!

Geo-political and trade situation is also, not encouraging. It’s a clear trade war to hold supremacy. Impact on the globe will be seen. Our local situation is also not comfortable, which has top-up of geo-trade situation. “Karela upar se Neem Chadha”.

Planets are not supporting to the trade. Indications will be trying to hold situation (for a hope), buy at lower level and sell on upper levels. This is also because of some smart investors are trying to come out of their positions. A normal trader must protect his/her money first then plan to make more money.

Nifty or market may show buying at lower levels and sell on upper levels. Planet (Ketu) is indicating that certain players or controller of trade may be looking for weekly closing.

Movements in automobile/infrastructure, building, power and few more sectors is anticipated in coming period. Foreign support or trades related to foreign lands may not be supportive.

Currency, Gold and Crude are in the same range.

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.