Nifty Prediction : Foreign cues Important | Planetary indication positive
Daily Forecast – Share Market – January 7th, 2019
Foreign cues Important | Planetary indication positive
Venus with Sun is controlling the day and well supported by Sun, Rahu and Mars. Six planets are directly involved, and remaining Jupiter, Saturn and Moon are indirectly playing their role, because they are in direct connection. Lordof share market is heading for total combustion, so banking and share market may not be getting best of its support. This lord is not even 2 degrees away from Sun, this Sun is also active, so chances are that market may try to recover from lower levels but lord may not be able support as, it should have done. So, it will be better to be watchful for banks and financial conditions. This may also give impact on currency also.
Crude oil is maintaining its level. Currency is close to maintain around previous levels. Pressure on the economy is on because of crude and currency.
Geopolitical situation is important for the trading. Our market cannot ignore this, because in many segments we are involved due to business from other countries, like IT etc.
Market may try to hold the levels and impact of foreign cues and local cues cannot be ignored, even then opportunities from lower levels can be seen. Global cues may remain positive (Geo-political situation). Only point of concern will be local political issues etc.
Directly or indirectly all the planets are involved, so movements in almost maximum areas can be seen during the day. I am positive for automobile in coming period along with infrastructure, power (renewable energies), cement, and related segments. Automobile tyres may have mixed bag. Textiles, leather, pharmaceuticals, fast food, sugar and cotton, electrical and electronics with entertainment may remain active.
Nifty may try to be positive due to foreign cues or based on news etc.
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.
Categories: Share Market