Nifty Prediction : Nifty may look for 16700 or so| Look for Opportunities
Daily Forecast – Share Market – August 25th, 2021
Nifty may look for 16700 or so| Trade with guards | Look for Opportunities
Moon with Saturn is leading the day, well supported by Mars, Sun, Venus and Ketu. Indications are that almost entire horoscope is active, action in many segments can be seen during the day and possibly market may try to look for 16700 points of Nifty (or so).
Ketu alone may give some better moves. But retrograde Saturn and combust Mars may give some restrictions to the movements or at times profit bookings from upper levels or try to hold for forming a base for the movements.
It will be better to trade with good emotions, reason is liquidity in the market is decent. Even then keep a watch on FIIs. They can change the direction or emotions of the market, but it will be better to look for opportunities in banks and indexes for next expiry. I feel closing of the month may remain with good emotions.
Automobile, automobile ancillary, EV related engines, EV, LCVs, HCVs manufacturers, tractor and their ancillary, automobile tyres with batteries, lithium batteries, space related segments, IT, communication, power, logistics, cement, tiles, banks (at better rates if available), entertainment, health-related, insurance, finance and related segments, with travel kits, chemicals, leaf-based, dairy, keep a watch on fast foods, e-commerce and Pharmaceuticals with health related all segments etc.
I will keep a watch for 16700 or so. Emotions for the market is decent.
Indian Rupee may trade in between 73.90 to 74.70 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