Nifty Prediction : Nifty may trade within Range | Avail advantage at lower levels
Daily Forecast – Share Market – August 26th, 2021
Nifty may trade within Range | Avail advantage at lower levels
Day of monthly and weekly expiry. Which is controlled by Moon but well supported by Saturn (Rx), Mars ©, Sun, Mercury, Venus and Ketu. All the planets are active that means activities can be seen in almost each segment. Keep a
watch on Small and mid-caps. Market seems positive and I believe that after 11:30 Hrs (IST), betterment for the coming period can be seen.
This coming period may give some better positions for banks and financial institutions, Nifty/Sensex or better to say for the market by n large.
Initially any pressure on the previous closing will not be surprising. The same way as Indian team performed on previous day. But today both – market and Indian team may fight to form their position for the coming period.
Global cues and market may not be supportive, whereas efforts from government side can be seen, impact for long run … difficult to comment.
Market is trying to form a base for the next coming period. Even then Geo-political situation is not comfortable. Which may give direct or indirect impact on balancing of the Geo-political situation.
Anyways, Banks and financial institutes, technologies, logistics, transport all surfaces, space, web, communication, automobile, infrastructure, power, cement, metals, automobile, leather, automobile ancillary and many more segments including textiles, cotton, yarn, fertilizer and many more may remain active.
Initially, market may have some flat or with pressure opening, but after 2 hours of business, changes can be seen. Indicating range bound trade is quite possible.
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