Nifty Prediction : Trading may not be comfortable | Look for Opportunities on either side

Daily Forecast – Share Market – October 23rd, 2018

Trading may not be comfortable | Look for Opportunities on either side

Jupiter is leading the day with support of Sun, Moon, Mars, Rahu, Saturn, Mercury and Ketu. Possibility of movements in many segments, previous loss in Midcaps is still bit doubtful. I feel, Pressure on the upper levels or at current levels can be seen, but recovery is also possible. Early recovery may give pressure on upper levels.

In coming days, if Nifty will show movements within the range of 200 points on either side will not be surprising. This may be due to planets like Rahu and other impacts. Means some unknown reasons or sudden news etc.

Segment wise – movements in petroleum, crude, insurance and financial institutions, banks, automobile, textiles, Paper, Pharmaceuticals and related segments, biomed based areas may be showing movements. Research related segments, communication instruments, entertainment instruments etc. may be showing movements. Activities in many segments can be seen. Possibly buying at lower levels and sell on upper levels.

Rahu may give sudden swing on either side. Geo-political situation and other local issues may build up some issue in the trading.

Time is still tricky. Only hardcore traders can trade. Otherwise be watchful for a while. Let the market get its direction in coming period.

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.

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