Nifty Prediction : Pressure on Opening possible | Look for opportunities

Daily Forecast – Share Market – August 14th, 2020

Pressure on Opening possible | Look for opportunities

Mercury with Sun is leading the day, with support of Venus, Mars, Ketu and Rahu. Mercury is within 6 degrees distance from Sun, which may give some pressure on the house of share market, banks and financial institutions, but chances of PSU banks may give some support. Chances of impact from foreign trades and issues. Since, Mercury and Sun are strong, so it will be better to wait to settle down the market then look for buying. Mars is also close to its own sign and house.

This is also fact that market is influenced from or foreign cues, which may give or show consolidation or some profit bookings. If it happens, then will not be surprising.

Crude, Gold and silver may show pressure.

PSU banks, PSU electronics and electricals, or defence related sectors in either area (PSU or Private), keep a watch on port, petroleum marketing and gas marketing companies, pharmaceuticals, FMCG, opportunities in IT, e-commerce for the coming period will be better. Keep a watch on agro-products.

Pressure possible, wait to settle down this market and look for opportunities.

Indian Currency

Indian Rupee may trade in between 74.20 to 75.00 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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