Daily Forecast – Share Market – October 15th, 2018

Nifty may Look for 10525 | Trade with stop-loss of 10425

Ketu and Rahu are leading the day with support of Sun, Moon, Mars, Jupiter and Saturn. Indications are that market may look for crossing 10525 Nifty or so, but sudden changes in the trend will not be surprising. I will like to trade with stop-loss of 10425 for Nifty. Even though emotions of the market may be for buying at lower rates or better rates. But be watchful sudden dip will not be surprising due to leader (Rahu and Ketu for the day)

INR may show some improvement, but crude is again point of concern.

Public unrest can be seen in West-North area, which may be due to political reasons. Government may be looking for the solutions, which may cost and influence market in coming days.

I will look for Banks, financial institutions, vehicles, automobile ancillary, automobile tyres (but with care), Petroleum segments, leaf based products, engineering, IT, communication and media etc.

If it breaks 10375 of Nifty, then look for lower levels too.

Indian Currency

Indian Rupee may trade in between 73.20 to 74.00 per USD.

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