Nifty Prediction : Nifty looking better | Volatility Possible | Range of (+/-) 50 points
Daily Forecast – Share Market – August 28th, 2019
Nifty looking better | Volatility Possible | Range of (+/-) 50 points
Ketu and Venus are holding key for the day with support of Jupiter, Saturn and Mercury. Mars is in the range of total combustion; Moon is transiting from own house. Indications are that market may not be much influenced from foreign issues. It is also fact that neighbouring nation may further show some headless/mindless steps or statements etc.
I believe that market is indicating some recovery, INR is not comfortable, s it should have. But situation may show some improvements.
Activities in the area of automobile, infrastructure, power, cement, paints, ancillary of automobile including automobile tyres etc. can be seen during the day. IT, communication, logistics, entertainment with travels and tourism may be showing movements.
Petroleum, electronic and electrical segments, textiles, leather, Pharmaceuticals (mixed) and communication instruments, silk, cotton etc. may remain active (positively) during the period.
Leaf-based products, rubber, carbon black, pesticides and fertilizer may be looking for opportunities.
Over and above action in Banking sector cannot be ignored. Announcement(s) from government may be interesting for the segment/area. Keep a close watch on PSUs (all segments).
Buying at lower levels.
Trade with stop-loss on both sides. Nifty may look for 11175. But sudden changes/Volatility also possible. Selling on upper levels not surprising. No support from foreign investors or FIIs.
Indian Rupee may trade in between 71.30 to 72.20 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