Nifty Prediction : Opportunity at Dip | Range of +/- 75 in Nifty Possible
Daily Forecast – Share Market – February 5th, 2020
Opportunity at Dip | Range of +/- 75 in Nifty Possible
Venus and Rahu are holding key for the day with support of Sun, Moon, Mars, Jupiter and Mercury. Indirectly Ketu and Saturn are also involved during the day. Venus is in exalted sign, Mars, Saturn are in their own sign. Mars indicates that foreign cues may help, whereas local cues may feel some tiredness. Even then with some trimming, market may enjoy positive emotions.
Crude is supportive, so movements in Petroleum and gas can be seen, which is positive for our country. Epidemic issues in China is now global issue. Directly influencing global consumption in coming period. Production in China has gone down, which may hurt their economy, but may give opportunities to some other countries to develop their productions and invite other Giants in their nation.
Conviction of the market is to book profit on upper levels. Still, market may show range 75 points in Nifty. Buying at lower levels possible.
Spirit, alcohol, automobile, Leaf-based, FMCG, communication and related segments, chemicals etc. may show some gains.
Movements in many segments can be seen. Mid-caps may remain interesting. Insurance and related segments may be bit watchful but buying at lower levels may remain better.
Trimming at upper levels and buying at lower levels will be better for intraday traders. Use dip with intelligence.
Indian Rupee may trade in between 70.40 to 71.40 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