Nifty Prediction : Nifty close to previous levels | Pressure in coming period | Volatility expected

Daily Forecast – Share Market – October 24th, 2016

Nifty close for previous levels | Pressure in coming period | Volatility expected

Venus, Rahu and Mercury (close to total combustion and on 27-28 will be total combust), Moon Mars and Saturn are supporting this day. Indications are that share market and banks may not be having proper strength and trade will be based on other cues. Malefic planets are giving energy accordingly.

Government and agencies with few incoming information from foreign lands may be influencing our market. It will be better to keep an eye on foreign cues during this week at least. I feel that market may be having some pressure even though we can see some movements in IT, communication, media, transport in all surfaces and logistics. Defence, electrical and appliances with engineering, pharmaceuticals, firefighting equipment manufacturing and petroleum products may be doing better.

Alcohol, spirit and related segments + edible will be showing some movements.

Overall movements may be bit low. It’s not a time to look for long term trade. Nifty may be again in the range of 8500 to 8775. I am bit negative in coming days.

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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