Nifty Prediction : Trade with Positive emotions | Banks may look better
Daily Forecast – Share Market – August 25th, 2020
Trade with Positive emotions | Banks may look better
Ketu, Venus and Jupiter are leading the day, well supported by Sun, Mars and Saturn. Movement from the past sessions, is giving proper and positive movements. Market has touched 11500 on previous working day but could not hold the levels. Indicating that market may try to form base. I mean to say lower base and then look further in this period.
Global cues are not bad, but still I feel that market is trying to regain previous levels. Market is moving on the basis of fundamental bases. In certain areas, during the lockdown period, it was not estimated that consumption of market may be in this way.
Keep a watch on FIIs, this may give psychological advantage to the market. This may give an opportunity to breach upper levels of say 75 points in Nifty or so. Nifty may show some dip at any levels in coming days, which will not be surprising.
Buy on dips under any condition will be decent move.
Keep a watch on banks, financial institutions. It will be better enjoy banks and financial sectors. I will not like to ignore – infrastructure, building related materials, automobile may give opportunities, similarly ancillaries of all the transport sector.
Textiles, leather, paper, engineering, electrical and electronics, IT, communication, entertainment, e-commerce, silk, bacterial research and related manufacturing units/segments may be better. Keep a watch on laboratories etc.
Market seems with positive emotions. Nifty may look to regain 11525 or so.
Indian Rupee may trade in between 73.80 to 74.60 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