Nifty Prediction : Nifty may look for 11750 | Trade with the wind

Daily Forecast – Share Market – August 31st, 2020

Nifty may look for 11750 | Trade with the wind

Venus with Ketu is leading the day, well supported by Jupiter, Moon, Mars and Sun. Indirectly all the planets are active. Planets are close to change their position. Sun is enjoying own house advantage. Cues from foreign markets are decent. USD is losing its strength slightly; this is due to maintaining liquidity in their market.

Announcement of unlock 4.0 is indicating better movements for the supply chains etc. This may help logistics, companies and various sectors. Point of concern in my opinion is – still real consumer is suffering due to financial crises, loss of jobs, cut in the salaries. For example aviation industry – Piolet and crew staff of passenger flights are badly suffering. Government’s airlines had grounded 50000+ staff in one go. Privates are separate and other sectors etc.

Lord of share market is heading to its own house and sign, which may give strength or protect share market, banks and financial institution.

Nifty may look for 11750 or so. Banks are decent. Carriage containers, automobile, construction, infrastructure, power, cement, building materials, automobile ancillary etc. may remain decent. News for RIL is strong, due to Future group.

Currency is better in comparison to USD.

Shipping, alcohol, agriculture based areas, rural linked segments and automobile may be doing better, similarly FMCG products consumed in rural areas mainly will be more attractive.

Enjoy the day.

Indian Currency

Indian Rupee may trade in between 72.90 to 73.70 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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