Nifty Prediction : Nifty may look for new levels | Sudden changes possible

Daily Forecast – Share Market – October 16th, 2017

Nifty may look for new levels | Sudden changes possible

Week has short working hours (Because of Diwali), and Muhurt trading will be key feature of the week. Mars is leading with Mercury and Sun. Venus and Rahu are playing their role during the day. Overall indications are for the positive movement during the day. This may allow Nifty to enjoy new levels. But involvement of Rahu during the day is issuing some alert for the trading too.

Banks, financial institutions, infrastructure, power, Vehicle, automobile segments, engineering, agriculture related, sugar, textiles and engineering with defence, electrical and electronic, Jewellery, cosmetics, and many more products may be showing movements.

Alcohol, wine and spirit related segments may be showing movements. Action in communication can be seen in either of the direction.

At any levels, profit boking will not surprise me. It will be better to enjoy trading but with strong guards. Rahu can show any deceptive movement.

Indian Rupee may show some strength.

Indian Currency

Indian Rupee may trade in between 64.40 to 65.10 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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