Daily Forecast – Share Market – October 10, 2016

Nifty Looking for 8750(+) | Trade carefully Next two days are off for Trading

Moon, Venus are leading the day with support of Jupiter, Rahu, Mercury and Sun in this small trading week. Indications are that market is looking for 8750 (+) nifty level. Fortunately, our market will not see planetary war between Mercury and Jupiter, but global market will be doing business during this planetary war, but we may see impact of such planetary war after opening of market on 13-10-2016.

I will like to trade in the later part of the day with cautious, due to two days of holidays.

I feel that IT, communication, logistics, transport (all surfaces), media, with Jewels and related segments will be doing better. Banks has to play their role – may be partially.

Rahu is always raising alarm, which going for such observations. So, caution is important. Geo political issues are also matter of concern. Saturn and Rahu are almost at the same degrees, Saturn is afflicting Rahu in the house of political circuit, home etc. So, it will be better to keep a watch at the time of trading too.

Infrastructure, power, automobile tyres are doing better with housing, but time is coming to keep a close watch at the time of trading.

Indian Currency

Indian Rupee may trade in between 66.40 to 67.30 per USD.

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