Daily Forecast – Share Market – October 20th, 2016

Movements expected | Nifty range bound 8500 – 8725 | Sudden changes 

Mars and Venus are leading the day with support of Moon, Mercury, Saturn and Rahu. Energy can be seen during the day in trading. Mercury is at total exaltation and has crossed its point, ready to move in next sign in coming days. Hence, trade may be better during the day. We may see sharp changes after 11:10 Hrs (IST).

Pressure on IT, communication etc. can be seen. Defence, engineering, electrical, perfumes or FMCG will be better with automobile and cement etc.

Even though movement in market but after movement – negative trend is also possible.

We may see some movements in fast foods too, music instrument manufacturing companies or related areas may be doing better.

It can be a tricky day. Pressure in the market in coming period can be seen, because Mercury will be moving in Libra sign and will be combust on 24-10-2016.

Trade wisely. Keep an eye on government announcements and foreign cues.

Indian Currency

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.