Daily Forecast – Share Market – October 4th, 2016

Market may relook for Upper levels | 8800 for nifty in coming days

Seven planets are active. Moon and Rahu are leading the day, with support of Sun, Mercury, Venus, Jupiter and Ketu. Mercury has come back to own house and sign. Indicating that will not easily allow to spoil its own house of share market. At the same time banks will also be getting energy from Mercury.

Market has time of around 19-20 days to recover its position and see some better levels. We cannot avoid global situations. Rahu may try to disturb the mood of the market. Hence, trade with strict stop-loss. These planets Rahu and Ketu are most unpredictable.

Indications are that some movements in Crude can be seen in coming days. I will look for mid-caps and small caps. Many segments may show their movements, which can influence level of the market. It will be better to look for upper levels. I feel that market may look for 8800 nifty levels in coming days.

Regarding equities, almost all segments are active, but water related issues may be cause of concern in some area of the nation. Neighbouring issues may try to give some impact on the market, but I feel market may show some positivity.

Vehicles, banks, education, sports, skill development related areas, Power, infrastructure, Housing and financial institutions may start picking up or may show some better sign. Alcohol, breweries, dairy products, drugs, FMCG, Leather may also show movements. It will be better to say that movements in many segments can be seen. Normally such indications are for Mid-caps and small caps too.

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.