Nifty Prediction : Range bound trade | +/- 0.5 % Nifty movement | Mid-caps and small-caps better
Daily Forecast – Share Market – October 13th, 2016
Range bound trade | +/- 0.5 % Nifty movement | Mid-caps and small-caps better
Rahu, Moon and Venus are leading the day with support of Mars, Mercury and Jupiter. Confusion can be seen from Government or government machinery side, which may influence this market. Overall many segments are ready to participate their role to help the trade of the day.
Foreign cues may be playing important role during the day and at the time of opening. Foreign cues may include across the border also.
Market is looking for positive note, but I will not suggest to go for long positions. Maximum for the week is advisable.
We may see some pressure in IT, communication etc. with infrastructure, metal and housing segment.
Electrical goods, small banks and petroleum related areas may be bit better. Neighbouring issues may be cause of concern or geo-political issues are again cause of concern. It will be better to have safe guard during this period.
Nifty may show 0.5% movement in either side. Ketu with Moon is cause of concern. But defence and import-export may be better. FMCG, textiles and fabric related areas may be better in coming days.
Trade with care in this range bound trading market.
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.
Categories: Share Market