Nifty Prediction : Trade for short period with the wave | Wait for long positions
Daily Forecast – Share Market – October 21st, 2018
Trade for short period with the wave | Wait for long positions
Jupiter and Saturn are leading the day with support of Sun, Moon, Mars, Rahu and Ketu. Market may show volatility or little bit of pressure, but possibility of buying for a while is also possible. It will be better to play for the day, andbefore going for long position, take precautions. Impact of Geo-political and local political situations may be seen in coming period. China’s economic slow-down may give some advantage to us in coming period (if our political issues will allow). Judiciary or likewise government agency/authority may give some important ruling/decision/announcement, which may influence the trade in coming period.
Keep a watch on Crude and currency, which may also influence trading.
Movements in 70% segments can be seen. Textiles, sugar, engineering, agriculture related segments, electrical and electronics, Leaf based, IT, communication, Paper, cement, tiles, paints, automobile and related segments may be showing movements (either side).
Wine, spirit, research based segments, petroleum and gas with power may be showing movements with cotton, ready-made garments, FMCG etc.
It will be better to trade with care in either of conditions, because Rahu may gain strength in coming period.
Buy at low and sale on rise will be better.
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.
Categories: Share Market