Nifty Prediction : Nifty may trade within 10950-11100 | Day for Aggressive traders only

Daily Forecast – Share Market – August 29th, 2019

Nifty may trade within 10950-11100 | Day for Aggressive traders only

Venus, Ketu with Mercury are leading the day and supported by Jupiter. Moon is in its own sign and house, where as Mars is close to total combustion or may behave like total “DAGDH” planet. Unable to give best of results (Mars). Resulting foreign cues and investments may not be encouraging or supportive for the local trade and its growth.

I feel that impact of government, and support from government, announcements from government agencies/authorities may be interesting during the day.

Nifty may try to form a base and look forward for a while. Currency may be little bit under control.

Currency, crude and petroleum may be supportive during the day. But, chances due to other planets which are playing passively their role or as in conjunction may be pressurising this market.

I feel that Nifty may try to breach 11000 on the lower side and at the same time may look for 11100. So, I will suggest for only aggressive traders to move in for Nifty trading.

IT, communication, logistics, media, entertainment may be doing better. Banks and financial institutions may be volatile. Ups and downs possible for Banks and financial and for share market.

Cotton, electronic instruments etc. may be showing some movements.

Trade with care.

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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