Nifty Prediction : Opening positive | Global cues not supportive | Market may try to recover
Daily Forecast – Share Market – October 18th, 2016
Opening positive | Global cues not supportive | Market may try to recover
Mercury is heading for exaltation and Moon is indicating that after 12:00 Hrs (IST), market may show some movements in various categories. Government may be feeling better and overall movements will be showing some better mood. Still, due to involvement of Rahu and Mercury’s position for heading for combustion, desired results will not be possible or we can say that as much it should have given during this period of 20 days, could not give rather gave some negative results. Now, again situation may be under pressure.
In the positive day, it will be better to exchange weak script with better one. So, that we can take some advantage out of this period.
Global cues are not so supportive. Possibility of some movement in the market due to majority of the planets are active.
Movements in FMCG, food and related segments, dairy products. Communication, logistics and pharmaceuticals with health care will be better. It will be better to look for breweries, spirit, Jewellery and petroleum products may be doing bit better. Leaf related products can do better.
Trade wisely for coming days.
Indian Rupee may trade in between 66.40 to 67.50 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