Nifty Prediction : Nifty may breach 12000 | Look for Opportunities in coming period

Daily Forecast – Share Market – February 18th, 2020

Nifty may breach 12000 | Look for Opportunities in coming period

Ketu with Rahu is holding the key, with support of Sun, Mars, Mercury (retrograde) and Venus. Impact of foreign cues, virus related issues and communication will be important issues for the day. Retrograde Mercury is indicating that mixed day is possible. Pressure will not be surprising. Ketu and Rahu are important for the coming period, so volatility during the period is possible. Trade with guards.

China’s slowdown and supply from China will be one of the causes of concern for global market. FIIs might have played some important moves. Banks might be showing some consolidations, because before retrograding of Mercury, Bank Nifty was going down.

Issues with Power, certain communication companies may be showing pressure and certain company may be doing better. So, watch with company wise.

Communication instruments, electronics and electrical instruments may be doing better. Keep a watch on sugar, alcohol, spirit and banks, financial institutions, metal and defence related segments may remain active. Keep a watch on news from government and currency.

Pesticides, Pharmaceuticals and Pathological laboratory, analytical organizations may remain active with pesticides etc.

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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