Nifty Prediction : Positive Opening Possible | Chances at lower levels | Enjoy the day

Daily Forecast – Share Market – February 11th, 2020

Positive Opening Possible | Nifty trading Range 12000 to 12150

Venus is in lead with Rahu, well supported by Sun, Mars, Saturn and Ketu. Ascendant lord is strong on date, indicating that position will be better, sudden moves due to Rahu can be seen on either side. Planets are indicating that impact of foreign lands can be seen during the trading session. Opening may be positive and buying from lower levels can be seen. Mercury and Moon are forming wonderful relationship.

Indian political situation may remain as it is as before of Delhi’s poll. So, may not give any impact on the market.

Virus impact may give global impact on the positiveness of the trade, means may give some negative touch to the trading sessions (globally) or may going to give concerns (serious).

Indications are that banks, IT, communication/entertainment/media/travels and tourism/hotel etc. Keep a check on financial institutions. Automobile, automobile tyres, automobile batteries, batteries related to EV segments will be good for the coming years, only delay is due to recharge stations, the day government will be aggressive in opening of Charging stations for EVs. But this may be good for long term investments, may be for 3-4 years point of view.

Because of China’s concern (Corona), consumption of crude has gone down substantially, which had affected the prices of Crude, so Petroleum marketing companies may be doing better during the trading sessions.

Market may try to look back for the previous positions. Enjoy the day.

Indian Currency

Indian Rupee may trade in between 70.70 to 71.70 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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