Nifty Prediction : Volatility not surprising | Nifty may hold 10050 and swing to 10250

Daily Forecast – Share Market – October 26th, 2018

Volatility not surprising | Nifty may hold 10050 and swing to 10250

Rahu, Jupiter and Sun are leading the day with support of Mars, Ketu and Saturn. Mercury is in last degrees and in next trading session will be Scorpio sign. Due to Rahu and impact of other planets is also not comfortable for the government. The same way is giving impact on the market. Political issues and Geo political situations are also giving some impact on the local market and trading. Lord of the Lagna of India’s horoscope is close to total combustion, indicating that Opposition or some other activities may pressurise head of the nation or government or home minister. Situation may be tricky. Currency has shown some progress from the most upper level, but still trading range can be above 74 + against USD.

Crude and Currency + local political situation is important for the coming period. Traders must be watchful for the lower levels. Once again Nifty may test 10050 levels and on the upper side may go to 10250.

Movements in many segments can be seen. It’s not a time to mention segments. Still leather, cotton, textiles (few), tiles, metals. It will be better to look for good companies and wait for breakout and then move in.

I feel that market is still not settle. Swing can be seen on either side or swing will not be surprising on either side.

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.

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