Daily Forecast – Share Market – October 26th, 2016

Market Under Pressure | Venus-Rahu can surprise | Trade safely for coming days

Venus and Rahu are strongly in the lead with support of Moon, Saturn and Mercury (just one degree away from Sun). Lord of the bank and share market is in the shadow of Sun, hence this lord will not be able to give results as desired for better movement.

Venus is giving aspect to own house, that’s the strong hope but other planets are not playing decent role to give any boost to the Nifty level.

I am bit conservative for the positive mood of the market. Trade may be volatile or may be under pressure. Range of 8500 nifty point will not surprise me during this week. I wish I am wrong in this observation.

Keep a close watch on global cues.

Still I feel that Alcohol, spirit and related segment will be doing better along with agriculture related segment and Jewellery etc. Pressure can be seen on education, banks and exchange related segment.

Trade carefully.

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.