Nifty Prediction : Buying at lower levels possible | Sentiments not comfortable

Daily Forecast – Share Market – September 4th, 2019

Buying at lower levels possible | Sentiments not comfortable

Venus is in command with Jupiter and support from total combust Mercury which is defeated in Planetary war with Mars. This is not a comfortable planetary position for the lord of share market and banks etc. Gold may be rising and looking for new levels. Government’s involvement is there but will this proper or in the right direction. Fall in the collection of GST, gives clear impact of fall in consumption in the market of products.

Initially, it was believed that e-commerce is harming local traders, but total consumption in the market is also important. If consumer will have purchasing capacity, automatically will come out for various activities and impact will be clear in open market also. State government(s) are trying to increase other levies like hike in petroleum/ electricity etc., which may further increase cost of production and may give negative impact on the market. Are we heading for old method of increase taxes and try to improve revenues?

Anyways, excess of strength to Venus can be good for the nation but may be harmful because of extreme strength to the council of ministers. In one way, this will give strength to take decisions. I hope will be in the right direction.

Opportunities at lower levels will be available for good equities. It’s time to pick them at economical/better values and get rid of bad or weak equities.

Support from foreign investors – I don’t feel will support as of now.

Global cues may not be supportive. Trade from foreign will also be not supportive.

It may give opportunities to buy good automobile, good banks, textiles, leather, FMCG and quality IT companies. They may give good runup in long run. Even few automobile tyres, insurances at lower rates etc.

Buying at lower levels can be seen. Sentiments of the market is not comfortable.

Indian Currency

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.

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