Daily Forecast – Share Market – August 30th, 2019

Nifty may trade in the range of 11050 to 10900

Venus with Ketu is controlling the day and Jupiter with Mercury are supporting. Mars is total combust. Mercury is heading for combustion. Saturn is with Ketu, and is giving affliction on Rahu, in the house of banks and financial institutions, which means issues with banks still possible (as I had mentioned in my earlier post also). Currency is still not getting proper strength. Mars is indicating issues related Foreign investment or FIIs may be still influencing this market. Geo-political/trade situation is still not settled.

Local business issues are still not properly addressed. Possibly, government is trying to hold the key in their hands, but business needs proper flow, shortage of cash flow in the market is another reason for slump in the businesses. Which may further lead to unemployment and again fall in demand. One can remember in 1984 – 1987 era. After that 1992-1999 or so. Similarly, in 2006-2009. That means it’s a periodic cycle of approximately 10 years or so. Planets are also indicating accordingly. Jupiter consumes 13 years and if we work out average of such slump/slow-down may come accordingly.

Market is trying to hold keys, but with some profit bookings on upper levels. It’s a time to protect money, instead of taking large risks (for normal traders). Hence, Volume in the trade is also reduced.

It’s long weekend because of Ganesh Chaturthi on 02-09-2019, so market may trade with caution. Reason is geo-political and trade situations are volatile, including without neighbouring nation.

Market may be like neutral; movements may be on both sides but not much effective.

Indian Currency

Indian Rupee may trade in between 71.20 to 72.10 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.