Daily Forecast – Share Market – October 3rd, 2016

Market is looking for 8650 nifty level | Volatility/Sudden changes possible

Rahu is in the lead with Moon, well supported by Sun, Venus, Mercury and Ketu. Clear indications are that opening of the day may be positive, Rahu is enjoying maximum strength during the day along with Ketu, hence chances of sudden changes or some confusions may disturb emotions of the market. Such as water crises in any part of the nation or geo-political issues. Reason is Rahu is in the lagna of horoscope of India.

Other four planets are supporting market; hence indication are that market may try to recover its base and give some strength. Mercury will be moving in its own house and sign, hence strength to the share market will improve along with banks, education etc. Mars is still disturbing relationship with neighbours. Nifty is trying to regain its position and may try to look for 8650 Level, but it will be better to have stop loss for – 0.5% due to Rahu and Ketu.

Spirit, Alcohol, infrastructure, building related segment – like cement, glass, tiles etc. may also show some movements. It will be better to look for small shares. Where chances of growth may be better.

Silk, coffee, ready-made cloths will be doing better. Leaf, water, dairy related areas may show some movements.

Mid-caps and small caps may be better.

Indian Currency

Indian Rupee may trade in between 66.30 to 67.10 per USD.

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