Nifty Prediction : Nifty trade – 11375 to 11500 levels| Buying at lower levels
Daily Forecast – Share Market – October 17th, 2019
Nifty may trade – 11375 to 11500 levels| Buying at lower levels
Rahu with Venus rules the day and well supported by Jupiter, Sun, Moon, Mercury and Mars. Foreign cues will be doing their job. INR may further feel pressure. Crude is supporting Petroleum and gas segment. Due to voice/news (may be correct or not correct) related to few companies, market may react for them positively.
Petroleum and gas segment may be reacting to the foreign movements and geo-political situation. Jupiter will be moving in own house after 18+ days. Which may give impact on crude oil and equations.
Always in election mode may be good for winning the election is good, but at the other hand ignorance of pocket of middle class, linked with employment is equally important for “Shasan tantra” (which includes ministry as well bureaucrats)- Venus and Rahu is indicating that there is some confusion in this area. Development in industrial sector and revival of old units may help banks to recover their old debts and employment to many more workers/human lives.
Maximum Employment in the rural and urban sector can only be with support of cottage industries, SMEs, and large sector companies. I feel, Planetary position will force to the government to focus in this area, otherwise may create some issues for the next election. I agree that action related to border security is important, but again Pocket security of common man is also important. Which is / will be reflected in the share market.
I feel that automobile, IT, communication, Petroleum, gas, lubricants, insurance, research-based segments etc. with Dairy, rubber, transport, entertainment with e-commerce may be looking for better movements.
Banks and financial sectors are doing better, but it will be better to keep a watch on sudden movements. Buying at lower levels and profit booking on upper will not be surprising.
Volatility or Ups and downs Possible.
Indian Rupee may trade in between 71.00 to 71.90 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