Nifty Prediction : Nifty may look for 17700 | Gap-up possible | Trade wisely

Daily Forecast – Share Market – August 11th, 2022

Nifty may look for 17700 | Gap-up possible | Trade wisely

Keep a watch on Metals | Investors – short term long better

Mars has come out of shadow of Rahu, so may give some better moves. As mentioned last week that Nifty may look for 17700, and in my last post again it was clearly mentioned to buy on dips + preparation for 17700. Today, planetary position is indicating that Venus, Saturn (Rx), Mercury, Sun, Moon, Mars, with Jupiter are controlling the day. Moon is forming wonderful relationship with the lord of horoscope of India and Mercury is preparing to move in own house of share market.

I believe that global cues and indications for positive movements can be seen. Possibly gap-up opening is possible. It will be better to wait at the time of opening. Instead of chasing the trade, wait and then move with the wind.

Currency and crude are also supportive for the trade. Long term investors can plan for short term investments. As and when required can move for long term or book the profits.

Now, planetary position is indicating that Nifty for 17900. Banks are supportive, automobile, IT, communication and travels with tourism related, entertainment, power, solvents, automobile tyres, automobile ancillaries, coal, metals, steel, e-commerce, defence, petroleum and gas marketing companies, textiles, leather/footwear, sugar, edible, agriculture related, FMCG etc. may be doing better or may be showing movements.

Remember indirectly entire horoscope is active.

Nifty may look for 17700 and prepare for 17900 in coming period. Wait and watch, don’t chase the trade. But enjoy.

Indian Currency

Indian Rupee may trade in between 78.60 to 79.50 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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