Daily Forecast – Share Market – October 24th, 2019

Nifty may open with Positive node | Waves possible | Enjoy ride

Jupiter with Venus is controlling the day, well supported by Rahu, Ketu, Mars, Mercury and Moon. Mercury is newly shifted in the Scorpio sign with Jupiter. It’s a good combination of Intelligence with Knowledge. Both are influencing cabinet, so chances of accordingly results can be seen. At present focus of government is only for relief for Agriculture related areas. But real issue for employment in private (organized and unorganized sector) is key. That will help to boost economy, consumption in the market and relief for industries and banking sector.

Crude may show movements after first week of November 2019. Movements in the crude can be seen today also.

Currency is trying to hold its levels. I believe that market may remain in positive mood, although due to geo-political and local issues, ups and downs can be seen. It will not be a big trigger to set proper direction in the market for a while.

Movements can be seen in the areas like silk, electronic entertainment, communication instruments, cotton, Breweries, alcohol, sugar, metal, banks and financial institutions, insurance, shipping related segment, FMCG, Perfumes and fast-food, e-commerce, IT, media, entertainment etc.

Changes after 13:15 Hrs (IST) can be seen in the movements of the market. News for/from government may guide for the remaining period of the day.

Volatility will not be surprising.

Indian Currency

Indian Rupee may trade in between 70.30 to 71.30 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.