Daily Forecast – Share Market – August 16th, 2023

Nifty may show Volatility | Stop-loss on both sides imp.

Range of 19300 to 19530

Mercury with Venus leads the day, well supported by Sun, Mars, Rahu and Ketu. At the time of opening of market, Moon is totally combust. Despite of Retrograde position of Lord of lagna has come out of total combustion position. Foreign cues may not be comfortable. Volatility is the key for the day.

Banking sector in US can be tough, which may give trouble in coming period. China is also under pressure because of their tough financial position of various companies. Sales may dip, employment may face issues. Deflation in China’s economy had given indications in earlier days.

Inflation in India is also high, which may give trouble for the common man.

Overall situation is not comfortable. Possibly market may show dip in coming period. Avoiding loss is like making profits (at times). Crude may face Pressure and show below 85 USD levels. INR may show further weakness and may trade within 83-84 against USD.

Watch with care FMCG, Banks, Hotel industry, IT, logistics, entertainment, web related segments, internet communication instruments, communication instruments, metals, power, infrastructure, automobile tyres, chemicals, sugar, and many more related segments. Trade with care.

Stop-loss on both the side will be important. Nifty may trade within 19525 to 19300.

Indian Currency

Indian Rupee may trade in between 82.70 to 83.60 per USD.

Please like my Facebook page @ https://www.facebook.com/AnoopAstroSutra.

** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.