Nifty Prediction : Nifty may look Positive (1% or so) | Invest with care

Daily Forecast – Share Market – August 13th, 2020

Nifty may look Positive (1% or so) | Invest with care

Mercury is leading the day with Venus, Mars, Sun, Mars, Rahu and Ketu. I agree that Mercury is heading for combustion, but other planets are active decently. Indirectly all the planets are active (inclusive of remaining planets like Saturn and Jupiter). Indicating that Lord of the share market may give indication for bit cautious moves near by the resistance zone of Nifty. But during this era or period of positive movements, market may possibly breach resistance zone (at least first one). Nifty may look for another 1% movements or so. Planets are active.

I am concern for the 20/21 February 2021, because of conjunction of planets (maximum).

Keep a watch on companies manufacturing communication instruments (Indian) and related segments, defence, non-traditional, alcohol, sugar and by-products manufacturing companies, areas based on grass (bamboo) based segments, research, analytical and IT with e-commerce, logistics, automobile tyres, transport (all surfaces) may show movements.

Entertainment etc. are looking better for the coming period. Textiles, leather, leaf-based and rubber with solvents may be doing better.

Keep a watch on opportunities. Investments with care will be better.

Indian Currency

Indian Rupee may trade in between 74.50 to 75.40 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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