Nifty Prediction : Nifty in range bound trade | Look for Opportunities
Daily Forecast – Share Market – August 14th, 2020
Nifty in range bound trade | Look for Opportunities
Mercury with Mars is leading the day, well supported by Rahu, Ketu, Sun and Venus. Share market lord Mercury is heading close to Sun, which is afflicting this lord of banks and share market. Impact was seen in the previous working day. Results of quarter of companies can influence the market. It is already clear that first quarter of companies was not comfortable, due to lockdown and related issues. Secondly, impact of 2019 (slowdown economy after new budget of 2019-20) or after elections of 2019.
Impact of foreign cues and market or policies related to import/export etc. Since, lord of foreign lands is in the last degrees of the sign and house, and ready to move in own sign and house, so this impact of foreign lands may not be much affective on date but will be influential in coming week.
Other planets are supporting their role for the market. So, on dip, market may give an opportunity on this last working day of the week. I will prefer to wait and watch. Monday may another bit tough day for share market related actions, because (lord of share market) will be total combust, so possibly opportunities may be further available on 17-08-2020.
Automobile, infrastructure and metals etc. may be doing better in coming month from 17-08-2020 (one month). This may give advantage to cement, tiles or building related materials also.
Market may remain in range of 11250 to 11450 in this period or so. Trade accordingly.
Look for opportunities. IT, entertainment, logistics, automobile tyres, electronics and electrical, defence with sugar, textiles, leaf-based areas may remain better. Banks may give opportunities.
Indian Rupee may trade in between 74.30 to 75.30 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