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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Nifty Prediction : Nifty may look for 19400 | Positive emotions | Consolidation expected shortly

Daily Forecast – Share Market – July 4th, 2023 Nifty may look for 19400 | Positive emotions | Consolidation expected shortly Rahu with Ketu leads the day, well supported by Sun, Jupiter, Mercury and Venus. Global cues may not be supportive, but our own movements and data may be better. Whereas Production data of globe is not supportive. This type of data is not good for the economy. Nifty may again trade with positive mood, despite of foreign cues. That means buy on dips will be better for the period. Nifty may look for another +75 points from the previous levels. I believe that Nifty may be planning for 19500. Banks, Automobile, IT, and Liquidity in the market is also indicating positive. It will be wise to be watchful for consolidation in coming period (if it happens – will not be surprising). Rahu has given great runup to the market during its leading positions. Stop loss around -75 Points of Nifty’s previous close will be better for the health of Profit. Sensex is also rising. Crude oil is maintaining its level around 75 USD. INR may remain around 82 against USD. Gold may show some gains from previous levels. Areas like banks, automobile, IT, space, defence, Petroleum, FMCG, chemicals, infrastructure, cement, reality, Power and many more with aviation, logistics, automobile tyres, along with alcohol, communication + music instruments etc. Look for opportunities on dips. Nifty may look for + 75 […]

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