Daily Forecast – Share Market – October 4th, 2019

Buying at lower levels | Nifty may look for 11375 | Volatility Possible

Last working day of the week and next week will also be facing short trading (business) days. Tuesday will be off for the market due to Vijayadashami/Dusshahara festival.

Venus, Rahu with Mercury and Ketu, Moon, Sun and Mars will be controlling the day. Although geo-political situation may not be so disturbing but local issues related to business cycle are yet to improve. Income of common man may not be allowing to go for a buy in the season of festivals. Which may be cause of fall in the sales of the companies. Even then opening will be better and looking to hold bases. Selling on Upper levels will not be surprising.

Secondly, the way our Industries have worked on borrowed money (many and beyond their limits – Like our neighbouring nation), is now creating issues for them. Not only now, time to time it had reflected – means whenever banks have checked on credit limits etc. Rahu in the house of finance and banks is indicating that even (some of the) banks may be facing their health issues (internal management or some other issue). Rahu is confirming this may be due to non-traditional or non-practical or some other non-justified ways of practice by banks – whatever may be the reason. One year will be period for the such issues. Issues may have started in previous years and now like Cancer are hitting the deck. Better to be watchful with such functions. (It’s just an observations of Planets).

Market may show buying at lower levels and selling at upper levels will not be surprising for me. Or in clear terms again Volatility.

But, due to Mercury, chances of positive opening. Nifty may try to recover from lower levels. But it will be better to be careful and watchful.

Indian Currency

Indian Rupee may trade in between 70.70 to 71.60 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.