Daily Forecast – Share Market – October 7th, 2019

Positive Opening possible | Sudden move on either side not surprising

Venus, Rahu and Sun are holding the key with support of Moon, Mercury and Mars. It’s a day’s working then again holiday for one day. Active strong Rahu, afflicted by Saturn in the house of banks and financial sector, may give ups and downs or some news which may hurt or disturb emotions in coming period. It will be better to avoid weak financial or banking equities. Even turnover or transactions may be alarming due to slowdown of trade of big companies.

Keep a close watch on Geo-political and trade ties/conditions. Employment will be key for coming period.

It’s a time to protect funds for the right time. Market may show ups and downs. Such transactions are for strong professional traders. Normal or layman must try to protect funds for the secured period. At times, lower profit is better than losing the money.

Transit of Venus and Mercury are indicating that issues related to workers are still on higher side. Only government employees cannot give or boost to the movements in the market. Major sector is in Private organizations (Organized or non-organized). They are facing issues. We should not expect any announcement before the election of states (Maharashtra and Haryana). Importance of perfect Macro-economic planning and execution cannot be ignored.

Planetary positions are not very encouraging. But movements in IT, communication, logistics, entertainment, e-commerce related segments can be seen. Currency may show some better moves. Crude may also give support to petroleum and gas, also in various segments.

Automobile, ancillary, tyres, Infrastructure, cement, FMCG, dairy products, leaf-based segments, rubber and related areas may show movements.

Keep a watch on Gold, Silver and related segment.

I will like to keep some distance with automobile tyres unless it comes to the more economical levels. The moment automobile tyres will start moving forward (positively), I will prefer to go on total positive mood in the market. Because this will be last and final indicator for the movement or growth in economy. Intraday traders may trade with the segment.

Trade may be with positive note. Keep a close watch for Volatility or any side sudden movement.

Indian Currency

Indian Rupee may trade in between 70.40 to 71.20 per USD.

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