Nifty Prediction : Gap down Possible | Protect funds | Allow to settle
Daily Forecast – Share Market – August 29th, 2022
Gap down Possible | Allow to settle down | Protect funds
Avoid panic selling or buying
Sun leads the day, well supported by Moon, Mars, Jupiter, Saturn, Mercury, Ketu and Venus. Importantly Jupiter and Saturn are retrograde, may give wobbling during the day. Indications for crude oil – may be on the upper side. INR is also touching 80 against USD.
Foreign cues are also not comfortable. Pressure may be seen during the day. Gap down opening is also possible. It will be better to wait for some time and allow the market to settle down, then plan and move.
Lord of sea related area is exchanging aspect with Moon on the first day of week, chances of waves or ups and downs on big values. So, chances of deep gap down possible.
Remember, it’s a four working day week. One day short, because of Ganesh Chaturthi Puja.
Wait to settle down the market. News from US is indicating that Central bank may raise interest rates and possibly may continue in future also.
Even then market may show rise at the lower levels possibly in the later part of the day. Even then fear of pressure is important. Suggestion is to play safe and protect funds for a while, that may be earning for the period or day.
Crude and USD are rising the levels of pressure on our market. Other reasons may be news from foreign nations. Plan strategy, accordingly, please read the news and details for the same. Also keep a news from Indian Industrial news even in later part of the day, which may give an indication for the coming week.
All the segments may remain active during the day. Second reason from the globe is crises of energy either liquid, solid or gas form may give further issues in the Europe, US and overall globe. That is the reason, Saturn has indicated to focus on alternate energy within next 27 years otherwise globe may face further “GHATAK” impact globally.
Keep a watch on Defence, IT, communication etc. along with automobile, infrastructure, banks etc.
Nifty may test 2% pressure or so. Anyways protect funds, don’t go for panic selling or buying. Allow the market to settle down.
Indian Rupee may trade in between 79.40 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.
Categories: Share Market