Daily Forecast – Share Market – October 9th, 2019

Keep a watch on Banks (either side) | Nifty may trade in 11000 to 11250

Rahu and Venus are controlling the day, with support of Mars, Moon, Sun and Mercury. Rahu is dominating heavily during the day and in coming days also. Rahu is always for unpredictable and non-traditional ways. This is also important that Rahu of the horoscope is transiting through the house of finance and banks, states and others. Indications are that impact on the market may be volatile in the coming period. On date, Nifty may try to hold lower levels. Non-traditional behaviour of the market will not be a surprise.

Currency may remain under pressure. Crude oil may maintain its range.

Alcohol, spirit, non-traditional segments, and related areas may be showing movements. IT, communication, dairy products, FMCG, leaf-based segments, foreign issues will also be giving impact. Travel kit and related segments can show some movements. It will be better to focus on water and related areas at the lower rates.

PSUs, automobile segment may give surprising news in coming period. Infrastructure, tiles, cement, and rubber products.

Nifty may try to hold 11000 levels. Unexpected movements will be key for the day and coming period. Non-traditional way of behaviour of the market will not surprise me.

Casual and traders and normal traders must try to take advantage of wave if any in their favour. But keep your money safe and well protected.

Keep a close watch on FIIs, Banks (Utha-patak not surprising) or sudden rise.

Indian Currency

Indian Rupee may trade in between 70.80 to 71.80 per USD.

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