Nifty Prediction : Volatile movements | Nifty may trade in rage of 11250 to 11425

Daily Forecast – Share Market – October 10, 2019

Volatile movements | Nifty may trade in rage of 11250 to 11425

Rahu and Venus are controlling the day with support of Sun, Moon and Mercury. Again, Rahu is strongly influencing the day, which is in the house of banks and finance etc. Venus is in its own sign and house, so this will be giving strength to fight back with the silent or any other type of issues. I agree this will waste lots of energy of the government, that means focus of the government will be required to address issues related to economy – I mean, to address this issue with proper guidance and command. Transit of Rahu and Venus with Mercury are at the decent distance 9/5. So, strength is possible in the circumstances. US and China issues may directly or indirectly help India in many issues.

Only point of concern will be highly active Rahu. This can give rise and as well slide also. I agree that Saturn is not active, but this can give sudden turn to the trade or volatile movements. Reason is that non-conventional or non-traditional behaviour is expected from the Node.

I expect behaviour may be much stronger in comparison to previous day. Nifty may try to hold levels of 11250 and may move further in own style of market.

Petroleum, gas, IT, along with banking and financial segments may be showing moves. Automobile, ancillary, metals with infrastructure, building related materials may show action. INR may help IT. It will be better to keep a watch on alcohol, spirit and breweries etc. Activities in the area of communication, possibly due to interference of Government agency, which may hurt sentiment of common man as previously in case of DTH.

Gold and related segments may also show some activity.

Pressure on upper levels or early stage will not be surprising. Nifty may try to hold 11250 levels and look for 11425 levels. Pressure on both sides can be seen. Be prepared for Volatile movements.

Indian Currency

Indian Rupee may trade in between 70.60 to 71.50 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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