Nifty Prediction : Possibility of Pressure on Upper and recovery from lower levels
Daily Forecast – Share Market – October 12th, 2018
Possibility of Pressure on Upper and recovery from lower levels
Rahu, with Jupiter and Saturn leading the day, supported by Sun, Moon, Mars and Ketu. Jupiter has changed its house and sign, placed in Scorpio sign. Indicates that possibility of changing of political friendships, support etc. Which may give some better impact on gains. Impact on bordering areas may be interesting.
Rahu is still playing its game, whereas other planets may try to support market, so pressure on levels possible, but other planets may try to show support. Waves are again possible. It will be better to trade with care. Common man and casual traders must be watchful till market feels settling down its base or consolidation completes.
Currency and crude are very important, which may give impact on the market. Government policy on import may give some impact on related segments during the day. Hence, positive movements can be seen in few segments due to government news.
Activities in Textiles, paper, vehicles, automobile ancillary, cement, infrastructure, power, leaf based segments, engineering, IT, communication, communication instruments, electronics, petroleum, cotton, logistics etc. (either side)
It will be better to trade with guards.
Since, Rahu is involved, hence intensity is also possible or Waves.
Indian Rupee may trade in between 73.80 to 74.60 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market