Nifty Prediction : Nifty may look for 17700 or so| Stock specific trade better

Daily Forecast – Share Market – August 25th, 2022

Nifty may look for 17700 or so | Stocks specific trade better

Sun with Saturn leads the day, well supported by Mars, Jupiter, Mercury, Ketu and Venus. Indications are clear from foreign cues bit better than previous trading session. Overall situation is better, it will be better to look for 17700 or so. Five important planets are transiting in their own house, which is again indicating positive performance for the day.

Local indications for the stock market on expiry day, will be better. But crude is rising along with INR may cross 80 against USD.

Lord of share market and banks has started transiting with better strength. Keep a watch on banks, I believe banks may be bit better. Buy at better levels. Issues in China may be seen but for Indian market little bit of profit bookings on some equities may be seen, but overall situation may remain active.

Areas like exchanges related to trading, defence, banks, financial institutions, keep a watch on FIIs, power, renewable energy, defence related segments, space, signalling instruments, communication instruments, artificial intelligence related segments with IT, entertainment, avoid virtual currency for a while, oil-exploration and marketing companies, gas, coal, metals, chemicals and many more may remain active including cotton related segments, with textiles and leather etc. may be areas for the movements.

Nifty may remain active for the upper levels in coming period. Buy on dips. Banks and financial institutions will be better for the coming period. Nifty may again look for 17750.

Indian Currency

Indian Rupee may trade in between 79.30 to 80.30 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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