Nifty Prediction : Nifty may look for consolidation | Trade with care

Daily Forecast – Share Market – October 13th, 2017

Nifty may look for consolidation | Trade with care

Mars is leading the day with Mercury and Sun, Saturn is supporting during the day. Mars is ready to change its sign and house, similarly, Mercury will also be changing its house and sign in the midnight. So, movement in planetary position is expected, which may give some impact on the share market. Possibly some consolidation or selling on upper levels. I will look to guard my trade properly for the week end and next week with new placements of three planets. Impacts may be different in coming week.

Possibly Nifty may look to hold 10060 levels or so, but global cues are again important. Mars is in power and changing its house and sign, hence impact is essential.

Import-export, defence, electrical and electronics with banks and financial institutions, infrastructure, power, vehicle, automobile ancillary and tyres with other related segments may show movements. Logistics, communication and travels and tours with IT may be deceptive.

It will be better to trade with care during the day.  Overall position is positive.

Indian Currency

Indian Rupee may trade in between 64.80 to 65.50 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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