Nifty Prediction : Consolidation/Profit booking | Buying Opportunities Possible

Daily Forecast – Share Market – August 20th, 2020

Consolidation/Profit booking | Buying Opportunities Possible

Ketu and Venus are leading the day, they are well supported by Mars, Sun and Rahu. Global cues and other issuesrelated to news may be important. Possibly market may show some dip or pressure in the market. Which may be another chance of picking up opportunities.

Buy on dip will be better for the day. Emotions of the market is decent. Possibly, this may be cooling down or consolidation of the market.

Otherwise, majority of the planets are directly influencing the market, that’s why impact is bit tricky.

Profit bookings can be seen during the day, so one can liquidate weak stocks and go for better companies at the lower levels. Look for long term buying from the market.

Chemicals, infrastructure, power, IT, Pharmaceuticals, e-commerce, Food related segments, also look for opportunities in banks, financial institutions.

White goods and many more may give opportunities at lower levels. Dairy products may also be giving opportunities.

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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