Nifty Prediction : Nifty may breach 11200 and look for 11400
Daily Forecast – Share Market – October 14th, 2019
Nifty may breach 11200 and look for 11400
Venues, Rahu, Mercury with Jupiter, Mars, Moon and Ketu will be key driving force during the day. Impact of Rahu and Ketu can be seen during the day or after one hour of opening of market. Possibility of Utha-Patak, ups and downs, swings etc. can be seen during the day. Market may look for 11400 of Nifty levels and at the same time may try to breach 11200 levels of Nifty. Both ways will be possibly with movements.
Opening of the market may be based on automobile or foreign issues or FIIs etc. but in the later part of the day may be due to banking and financial institutions or financial responses from companies or may be some news from government or agencies or judiciary etc. It will be better to keep a close watch.
Unemployment may further hurt purchasing issue of common consumer. Political statements cannot justify or solve issues. It has started since last 3-4 years now, it may take to revive next 2-3 years. Stock market is reflecting in the second or third phase of such issues. Secondly our companies are not investing on Proper R&D of new product development according to the upcoming requirement/needs of the consumer or market (time is changing very fast). This needs proper infrastructure and investment + encouragement from GOVERNMENT and MANAGEMENT of companies, otherwise longevity of companies and groups will be 50-60 years or ruling of the company will be likewise.
Even main bread earner – IT is not involved in new work. Only Job work is our thinking and earning ROZGAR and REVENUE. This is high time to enter in developing our own products, by hiring decent brains by paying better, so that next decade will be ours. Government must encourage this. That’s the one of the important reason for economy of our Industry’s health depends on US or China or European market. Probably this may help to achieve 5 trillion or bigger dream. We are doing in other countries but not for or in India.
IT, dairy, entertainment, communication and media may be showing movements, along with dairy, leaf-based products. Keep a close watch on FMCG etc.
Gold, Jewelry, Gems, government statements/Press conferences (now a days’ tweets), alcohol, spirit and related segments may be important. Keep a close watch on Petroleum, gas, currency, with suddenness in the market.
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.
Categories: Share Market