Nifty Prediction : Nifty may show healthy mood | Sudden changes from upper levels possible
Daily Forecast – Share Market – August 26th, 2019
Nifty may show healthy mood | Sudden changes from upper levels possible
Ketu with Mercury and Venus is leading the day, Rahu and Jupiter are supporting. Crude may show some pressure and INR may see some improvement. Activities in the house of infrastructure, power, politics and automobile etc. is high. So, action can be seen accordingly. Combination of Rahu and Ketu always gives me a doubt, for the sudden changes in trading session or volatility.
House of banks and financial institutions is still showing some activities. Crude and petroleum companies may also be showing action. It will be better to keep a watch on PSUs, if any information from government agencies/organization or authorities announced.
Textiles, breweries, alcohol, spirit, aviation, IT and logistics are preparing for the coming sessions. Keep a close watch. Metals and agriculture produce may be showing movements.
Concern issues will consumption story, so that demand will come back in the various sections/sectors.
There are few companies, that they are unable to compete in the market with rising competitors, and not looking for finding new methods for marketing (company like Parle), may face some issues, because such products have heavy competition from local sectors also. Old traditional ways and thinking to sell on brand values only may not be possible now. Same is with other (many) companies. Consumption of any edible in India is increasing very fast irrespective of cash crunch. Companies must review their traditional policies also.
Mars is total combust. Geo-trade conditions may deteriorate. Keep a close watch on geo-political and trade situation.
Market may try to start with better moves. Sudden changes will not be surprising.
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