Nifty Prediction : Nifty may look for 17900 | Buy on Dips | Trade within Range

Daily Forecast – Share Market – August 17th, 2022

Nifty may try for 17900 | Buy on Dips | Trade within Range

Ketu, Venus with Saturn are leading the day, well supported by Jupiter, Mars and Sun. Importantly Ketu, which can give high or low on at any moment, because it goes in deep. But I believe, planetary position despite of some cautious emotions, chances are better. If any dips come to the period of trading, then buy on dip. Because lord of share market will be moving in own house after the weekend (coming).

Indications are that before going for sudden rise, market may show some ups and downs. But may be ready to move ahead of next levels. It will be better to look for positive planning and movements. Currency, crude are key for the period. I can not ignore global scenario, but still is better, although Mars is transiting on the Rahu of India’s horoscope, so chances of again some impact of foreign confusions or issues in coming one month or so.

It will be better to trade with strict stop-loss even during the day.

Emotions are positive, even then trade with care for the upper levels. Book profits as and when required.

Cotton, electronic communication instruments, textiles, leather, footwear, IT, communication, wi-fi routers, e-commerce (keep a watch), travels and tourism, automobile and ancillaries, paints, cement, tiles, infrastructure related, alternate energy, EVs related segments, chemicals, rubber related segments, defence (for very long term), coal or any other energy including gas/chemical gases etc. may remain active during the day. Keep a watch and act smartly.

Nifty may trade within range but sudden moves are also possible on either of direction, but emotions are better. Rahu/Moon may give some confusion also.

Indian Currency

Indian Rupee may trade in between 79.00 to 79.90 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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