Nifty Prediction : Buy on Dip | Nifty in range of 11550 to 11700

Daily Forecast – Share Market – October 29th, 2019

Buy on Dip | Nifty in range of 11550 to 11700

Jupiter, Rahu and Venus are controlling the day with support of Mercury and Moon. Venus is newly moved in with Jupiter and Mercury. Giving strength to the Cabinet and leader of cabinet. I agree that is weak but will be giving regular strength for the next one month (approx.). I believe that market may look for 11700 levels or so. But we must be prepared for waves like ups and downs. It will be better to buy on dip. I hope and believe that market is close for a forward move (in trader’s language close to break out). Jupiter will be changing its sign. Be watchful for financial issues in different areas, including financial institutions.

This can give enjoyment like a sea-beach. Wave will come to the corner and then water will go back. But this does not mean that level of water is reducing. Hence, investors can plan their moves. Crude may show some movements after the next week.

Trading movements are looking for our own resources and foreign influence should be part of it, not as a main guide.

Automobile, petroleum related segments, petro-chemicals, automobile tyres, batteries, I feel that due to position of Moon, initial emotions for entertainment, IT, communication and drugs, dairy products may not be so smiling, but slowly and gradually may start smiling.

Look for opportunities on dip. Long term traders can look for companies having strong base and history. Invest with care.

Indian Currency

Indian Rupee may trade in between 70.40 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.

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