Nifty Prediction : Cautious moves | Emotions positive | Buy on Dip
Daily Forecast – Share Market – August 27th, 2020
Cautious moves | Emotions positive | Buy on Dip
Ketu with Venus leads the day, they are well supported by Mars, Sun, Jupiter (Rx) and Mercury. Geo-political and trade conditions are under control for a while. Mercury will be moving to its own house of Virgo, on September 2nd, 2020. But point is that threatening game on various points in Asia or linked areas may be seen during the period.
Market may remain cautious, although, planets are not in bad position. These planets are indicating that we are close to the solutions for COVID, but total free can be seen only when Saturn will move in Aquarius sign that will be on 20-01-2021.
This period has educated us to live with ‘Safai’, somatization and learn properly about distance maintaining (which we had forgotten probably after student life).
Look for opportunities on dip. Since, retrograde planets, Rahu and Ketu are active so, chances of dip will always there. Wait for the government’s announcement.
Nifty has moved in safe zone, which indicates that closing may be with some decent levels.
Leaf based segment, automobile (on dip), IT, logistics, transport (all surfaces), building related materials, infrastructure, alcohol, and sugar, with textiles, real-estate, cement, tiles, ceramics, metals, FMCG and many more areas may remain active.
Keep a watch on electronics related segments especially for defence, banks and financial institutions etc.
Slow or cautious moves, with opportunities at lower levels.
Indian Rupee may trade in between 74.00 to 74.90 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