Nifty Prediction : Sell on rise (again) | Nifty may remain within 19200-19400

Daily Forecast – Share Market – August 18th, 2023 Sell on rise (again) | Nifty may remain within 19200-19400 Venus with Ketu leads the day, well supported by Sun, Mars, Rahu and Mercury. Geo-economic situation is not comfortable, hence cues from the global market may not be good, affecting the local market. Chances of weak emotions. Nifty may test 19300 or breach the levels of 19300. Pressure on upper levels and buying from lower will not be surprising. China’s reality situation may further remain tough, hurting other companies also, this may include banking sector also. China may try to release reserve currency to hold the levels of Yuan (according their anterdasha). Globally, currency or money market may show some trouble some situation, which may further give negative impact on the market. Ore and metals may again remain active or hyperactive in volatile manner. It will be better to follow – sell on rise. Avoid longs at the moment. Support from financial institutions – better to watch with care, because they may again avoid supporting the market. Or they may sell again (chances). Stop-loss at (Nifty) 19250 will be better. But Nifty may test 19200 in coming period. Remember today is last working day before weekend. Banks are also not much supportive. Automobile, and related segments may further remain active, because of government’s news. Fashion may also play some positive moves, with leather etc. Trade with care. Nifty may remain within […]

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Nifty Prediction : Nifty may trade within 19300 to 19550 | Trade with strict stoploss

Daily Forecast – Share Market – August 17th, 2023 Nifty may trade within 19300 to 19550 | Trade with strict stoploss   China’s dipping sales and US Inflation and poor demand creating pressure Ketu, Venus and Mercury are leading the day, well supported by Mars with Rahu. Secondly, Sun will move in own house and sign Leo at 13:32 Hrs (IST). Indications for the time – impact of foreign cues may be seen, hence pressure on the market, will not surprise me – at least in early hours. This Ketu and Rahu may confuse Bulls and Bears both. INR has crossed 83 against INR. US and China may further give indications for the weak economic situation. Undoubtedly, in coming period situation in the market may remain tricky. Weekly expiry is also tricky. After 13:32 Hrs (IST), we may see some changes in the mood and emotions of the market. Nifty may remain within the range of 19300 to 19550. Trade to protect funds. Planetary position is supporting the sudden changes with the improvements in levels, but Geo-economic situation is giving trouble. At the same time inflation in India is also critical. So, for long – it will be better to wait and watch. It will be better to look for opportunities in automobile, infrastructure, power, reality, banks, IT, communication, logistics, metals, edible oil and edible products, agro-produces, Gold trade with care, entertainment instruments, communication instruments, cotton, readymade garments, fashion, chemicals and […]

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