Nifty Prediction : Lazy Opening | Range bound trade | 8650 to 8750 Nifty level
Daily Forecast – Share Market – October 25th, 2016
Lazy Opening | Range bound trade | 8650 to 8750 Nifty level
Rahu and Venus are leading the day with support of Ketu, Mars, Saturn and Mercury (heading for total combustion). Volatile market will not surprise me. I will look for Mid-caps and small caps. Nifty may not be so strong for the week. Range may be bit lower in coming days. Cues from other sources will be important. Judiciary or agencies may play some role during the day which may guide the direction.
Confusion can be seen in the emotion of the trade. I will look for Insurance, petroleum and jewellery in coming two days.
Venus is justifying the strength of the leader of the nation even though by the end of the month this Venus will be involved in planetary war with Saturn, which may influence Deepawali.
It will be better for the traders to use this period as and when required to book profit and do not look for long term point of view.
Possibility of bit lower side in the coming period is also not denied. Reason is Moon with Rahu. Power, infrastructure, Vehicles and housing related segments may show volatility or look for direction.
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