Nifty Prediction : Mixed day possible | Mood Positive | Watch for 11300 Nifty

Daily Forecast – Share Market – August 18th, 2020

Mixed day possible | Mood Positive | Watch for 11300 Nifty

Ketu leads the day with support of Mercury, Venus, Sun, Mars and Rahu. Lord of share market is trying to come out of shadow of Sun, by the end of the day, will be in better position than the morning. It means next working day may have some better strength of Lord of share market, banks and financial institutions. Keep a watch on DIIs etc.

Global cues and geo-political may give impact on the market in the running period, so keep a watch on such issues.

Announcements from government may be giving some further interest in few areas (can go for exports and have support) like radar, aviation parts, and other related ancillaries.

Companies related to exports and involved in ancillaries manufacturer of all the surface transport (including aviation) so that can go for export as well local market. Paints, tiles, cement, infrastructure and related segments like real estate etc. may be doing better. Keep a watch on currency.

Look for opportunities at lower levels. It means if market shows some dip, look for opportunities.

Look for opportunities in banks and financial institutions, automobile (on dips), automobile ancillary, batteries, solvents, chemicals, Pharmaceuticals (at lower levels). FMCG, and white goods may be bit better.

Enjoy chances of Mix day. Bulls are comfortable.

Indian Currency

Indian Rupee may trade in between 74.20 to 75.10 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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