Nifty Prediction : Positive mood | Initial Watchful steps better | Look for Opportunities

Daily Forecast – Share Market – August 17th, 2020

Positive mood | Initial Watchful steps better | Look for Opportunities

Ketu is leading the day, well supported by Rahu, Sun, Venus, Mars and Saturn. Three planets have changed their signand house within 26 hours, Lord of share market and banks – Mercury is totally combust, just 30 mins away from Sun. Indicating that lord is not in position to support its house of share market and banks/finance etc.

But Ketu can give its own touch to the market. Foreign cues will be playing important role in next 43 days. I feel that market may have positive touch during the day, even though lord is not supportive, so chances of some careful and watchful moves can be seen. There is no harm in following wait and watch policy. But rise is quite possible.

Defence related areas or companies manufacturing not only for India but for out of India will be key. Aviation parts manufacturer or better to say – manufacturer of spares of transport (all surfaces) will be important. It will be better to keep a close watch on banks and financial institution. Look for better opportunities.

Leather, textiles, metal, cotton or related segments, research and pesticides or bio-technology related areas may give further interesting movements. Gold is still rising in Indian market, Global cues are calm for Gold. Automobile and infrastructure with building related areas will be decent.

Market is in better zone. Wait for some time, let the market settle down or show direction in a day or two.

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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