Daily Forecast – Share Market – October 3rd, 2018

Nifty may trade within Range of +/- 60 Points | Trade with care

Moon and Jupiter are leading the day with support of Sun, Mars, Rahu, Saturn and Ketu. Currency and petroleum/crude are main cause of concern. Only one planet is trying to protect own house, but other malefic impacts are high. Which is causing suspicion in trading. Waves like trades. Nifty may try to hold its position but will not be easy. Pressure of currency will be seen during the day. Nifty may try to hold 11000 levels, but pressure can be seen during the day. Volatility, pressure on upper levels and buying from lower levels are possible.

Action can be seen in rubber, petroleum, export related segments, or companies making foreign revenues, electrical and electronics, foreign impact, because few markets may not be functioning, hence it will be better to look for own strength too.

Textiles, Pharmaceuticals, sugar and related segments, with alcohol, spirit, cotton, communication instruments, entertainment instruments etc. may be interesting during the day. Banks.. have shown recovery (few), but still due to pressure… better to keep watch and move.

Nifty may be in the range of +/- 60 point levels.

Indian Currency

Indian Rupee may trade in between 72.80 to 73.60 per USD.

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