Nifty Prediction : Opportunity at lower levels possible | Market may open with pressure

Daily Forecast – Share Market – October 17, 2016

Opportunity at lower levels possible | Market may open with pressure

Mercury has started heading for combustion position which will be on 27-10-2016, that means closing of the month will be bit tight or may be under pressure.

Market is in the range of 8500 to 8750 nifty level.

Moon is indicating that emotion of the market is under pressure due to foreign related issues. Even though strength of the nations will be better, but global market/situation is not comfortable. Situation for US and China will be influencing our market. Mercury is indicating such issue in coming days.

I will like to trade carefully for the week, even though on some occasions positive trend can be seen but it will be better to keep pulse under control. If required, better to book profit. Mercury will try to give some benefit due to exaltation point coming close, hence market may show some volatility or may give opportunity to book profit as and when required.

Textiles, fertilizer, agriculture, defence related activities are better with electronics and electrical goods. Crude or related products may show some movements. We may see movements in many segments, but it will be wise to take care of this tricky market.

Indian Currency

Indian Rupee may trade in between 66.50 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.

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