Nifty Prediction : Nifty may look for form Base or Range bound trade
Daily Forecast – Share Market – October 25th, 2018
Nifty may look for form Base or Range bound trade
Rahu and Jupiter are leading the day with support of Sun, Moon, Saturn, Ketu and Venus (retrograde). Crude and Currency may be playing some role, but local political situation and some other local issues may be cause of concern – possibly in coming period. Rahu is indicating ups and downs, where as other planets are trying to hold base. Trade may be within the range of 60 point of Nifty on either side. I mean market may swing on both side time to time.
Rahu is also capable of giving a turn to different direction, hence trade with stop loss on both sides. Due to local issues, sudden changes in the direction of the trade will not be surprising.
Banks, automobile, textiles, IT (possibly midcaps), leather, cotton, communication instruments, entertainment instruments, Wine, spirit, and research based segments, companies based on bio-technologies, and petroleum may be playing some role.
Overall movements in various segments can be seen including sugar, fertilizer etc.
Time is for trade with care. It will be better to wait for the settling down for direction.
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.
Categories: Share Market