Nifty Prediction : Again buy on dips | Range bound trade possible
Daily Forecast – Share Market – August 26th, 2021
Again buy on dips | Range bound trade possible
Moon with Ketu is leading the day, well supported by Saturn, Mars, Sun and Venus. Foreign cues may not be supportive, but local indications are again trade within the range. Even then emotions and liquidity in market is decent. Indications are clear that market is still positive, and it will be better to pick on dip. It seems that market is looking for some direction. Lord of the market is in its own house and lord of banks and financial institutions is in own exalted sign.
Pandemic – globally is alarming, in India Kerala has given some indications for rising of COVID cases. So, precautions for Pandemic and business are essential.
Indirectly all the planets are active, two are retrograde and Mars is combust. Impact on the market is visible from past few days. Especially of Mars. But still market may give results for investors.
It will be better to trade with care, but investors can look for the opportunities.
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, trade wisely. Market has liquidity and emotions, buy on dips.
Indian Rupee may trade in between 73.80 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