Daily Forecast – Share Market – October 23rd, 2017

Nifty may look for 10200 | Volatility not surprising

Rahu, Mars and Mercury are leading the day with support of Sun, Saturn and Moon. Day is possibly like to pick from the lower values and may like to look for the 10200 of Nifty value. But Rahu is active and in coming days may be further active. Hence, at any moment this may give sudden changes or volatility in the market or may change the trend of the trade.

In coming period local cues may also be going to be important. Situation of government and their confidence level may be influencing the market (it will be better to understand the sense of the words).

As on date global cues are also important. Countries are trying to threaten each other, which may be influencing global market. China’s economy may be influenced due to their role in different countries. At least till September 2019, they may be feeling some pressure. Which is also giving impact on the global market.

It’s time for the nation to build communication or digitalisation related factors, including hardware too. Or approach may be likewise. Otherwise issues may be confusing.

I feel today, many segments will be active.

Engineering, banks and financial institutions may be active. But petroleum and related segment may be directionless for the coming week. Vehicles and automobile segment, spirit, alcohol, and related segment with textiles, sugar and fertilizer may be active. Paper industry may also show some movements.

Indian Currency

Indian Rupee may trade in between 64.60 to 65.30 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.