Daily Forecast – Share Market – October 11th, 2019

Buying at lower levels | Volatility & Sudden moves expected

Rahu with Venus is controlling the day and well supported by Jupiter, Mercury, Mars and Moon. Rahu is and will be strong for few more days. So, it will be better to keep a proper stop-loss for either side of trading. Volatility or sudden rise or fall will not be surprising in this period. Role of government and cabinet or concern minister will/is very important. If ministry will look in the matter, I believe situation of unemployment and many related issues can be checked or sized or kept under control be developing faith of revival of consumption and back to the track. Lord of the horoscope is in own sign and placed to handle hurdles.

Global cues may give some direction, but local issues are always important for the long-term sustainability or long-term drive. As on date, local drive is not positive. Rahu is justifying this. Situation may improve in bit long term, after situation of banks (which time to time we are visualizing). Only after cleaning of banking system and faith from both sides, this manufacturing and growth will improve. Rahu will not allow, banks and financial institutions to fill the gap/bridge so easily. Geo-political situations are important, but other issues are also important to drive local development.

Movements in banks, financial institutions, leaf-based segments, rubber and petroleum may show some decent moves. IT, communication, research and related segments will be better in coming period. Keep a close watch.

Planets are indicating from various sources some news may be rumoured so or flashed so that they will be able to clear their burden. So, before listing or reading any news from any resources, it will be better to cross-check with the financial aspects of the company etc.

Nifty may show recovery from lower levels. But it’s a time to trade wisely. Volatility is not surprising.

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.