Nifty Prediction : Nifty looking for Upper levels | Suddenness not surprising

Daily Forecast – Share Market – October 16, 2019

Nifty looking for Upper levels | Suddenness not surprising

Venus with Rahu controlling the day and well are well supported by Jupiter, Moon, Mars and in later part of the day Sun. Crude oil prices may be under pressure. Otherwise planets are in better position, only point is heavy weight of Rahu, which can give any time spike on either side. Currently, distance with the lord of bank/share market and Rahu is decent, so we are enjoying this movement. On date market may show further positive movements but with time to time cautious approach.

Global cues and investments will be important for the day. Keep a close watch. I feel bit positive moves.

Move from Judiciary or likewise agencies may also be important in coming period. Keep a close watch.

Government must come out with some new policies, which may support production, R&D, employment in Private organized sector. Only Organized private sector can resolve earnings related situation and then movements in consumption and finally service industry (which may give boom in employment). Now, government’s approach is to announce government jobs but how many such jobs can be announced. There is limit of such jobs. Local Giants, SMEs and small scale and cottage industries can give employment to the layman. Which may automatically generate self-employment in the market like or before November 2016.

Venus and Rahu combination are not indicating that such “Door ki Kaudi” will be introduced by government. Now, steps by Finance and commerce will be important for the nation, otherwise it will be tough and further tougher.

Still, due to planetary position, we may see another day for decent day. Global cues and local reasons. Still, horoscope of China is not positive, so from that point of view, economy of China may also face some music.

IT, communication, banks and financial institutions, exchanges, brokerage houses, water resources related, cement, infrastructure, power, Petroleum, gas and related segments, FMCG, dairy, rubber-based segments, e-commerce related, publications/media etc. may be looking better. Chemicals, alcohol, spirit, sugar and others may be looking better.

Enjoy the wind of the trade. Trade with Strict stop-loss. Suddenness will not be surprising.

Indian Currency

Indian Rupee may trade in between 70.90 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.

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