Daily Forecast – Share Market –October 17th, 2018

Gap-up Opening possible | Partial profit booking possible

Sun and Rahu are leading the day with support of Moon, Mars, Jupiter, Saturn and Ketu. Mood of the market seems to be positive. Market may be linked with the local news and which may give some positive approach to the market for the week. I feel that Market may show movements for a jump or may be Gap-up opening, due to waves like planetary position.

Crude is going to important role in coming period, because that may influence fuel part of the industries, unless nation will go for some other local resources.

Leather, Petroleum, textiles, insurance and IT companies may be doing better with Paper, Vehicles, automobile ancillary, automobile tyres, paint and related segments. Engineering, electrical and electronics, communication instruments etc. Pease be watchful for copper.

Infrastructure, power, construction materials etc. may be better. Rubber, chemicals, wine and related segments may be doing better. Banks are comfortable. Bank Nifty may show some runup during the day.

Nifty may give a jump of 100 points or so. But on lower side may give slide for 50 points.

Indian Currency

Indian Rupee may trade in between 73.00 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.