Daily Forecast – Share Market – October 21st, 2016

Flat opening expected | Volatility possible | Profit booking expected

Rahu, Mars and Venus are leading the day with support of Saturn, Mercury and Moon. All the three malefic planets are active; hence market may show volatility. After working hours Mercury will move in to Libra sign and in conjunction with Sun.

Trade may be volatile. Mercury will try to hold the market where as other resources from foreign lands may be giving negative impact. Or better to say that keep an eye on foreign trades too. Local issues are strong or announcement from government may also be influencing the market. Statements from various people may try to confuse the nation. So, keep focused and trade with care.

Braveries, spirit and related areas will be better with electrical goods, defence related, paper, financial institutions may give an opportunity to book profit as and when required.

For infrastructure, power, metals etc. will be bit under pressure.

I am cautious during this market session; because planetary position is nice except the lord of share market and banks and malefic planets can give some pressure during the day.

Trade carefully for Monday.

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.