Nifty Prediction : Nifty may look for 11100 | Pressure on upper levels not surprising
Daily Forecast – Share Market – August 27th, 2019
Nifty may look for 11100 | Pressure on upper levels not surprising
Ketu with Jupiter and Venus are controlling the day, Mercury is supporting. Lord of foreign lands is heading for total combustion, hence foreign investors or other reasons from foreign lands/cues may not influence our market strongly. Although lord of lagna of Pakistan is heading for total combustion, so response from their side may not be proper.
Impact from local cues will be important, hence movements in the local market can be seen, because of the local government and other reasons.
Action can be seen in automobile, automobile related segments, banks and financial institutions, pesticides, entertainment instruments, communication instruments, FMCG, Perfumes, Jewellery, Gems and related segments.
Crude and related segments may be in favour of the day. Only point of concern is currency. Which may not be in comfortable zone.
It will be better to look forward for a while. Nifty may look for 11000 to 111000 levels. Trade with guards on both sides. Because pressure on upper levels may not be surprising for forming base.
Indian Rupee may trade in between 71.60 to 72.40 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