Nifty Prediction : Market may enjoy Banknifty | Book profit if required | Expiry tomorrow
Daily Forecast – Share Market – October 30th, 2019
Market may enjoy Banknifty | Book profit if required | Expiry tomorrow
Saturn, Venus and Rahu are controlling the day with support of Jupiter, Moon and Mercury. Four planets are giving strength to the cabinet. But at the same time issues among partners etc. Movement in the market is on. Mercury is close to change its direction of transit and slowing down its speed for us. Reason – because is on the curve. Volume of transaction may be bit influenced.
Transit of Jupiter is close to change its house, so this may give impact on global trade war issue in the coming period. Petroleum prices may also be influenced in coming period.
Insurance, financial institutions, shipping or sea related segments may be doing better in coming period. Organisations in India involved in research work/analytical work like blood analysis or such type of organization may be enjoying better period.
Textiles, healthcare, Pharmaceuticals, leather, engineering and segments involved in likewise activities may remain active during the day. Action can be seen in IT, communication, entertainment, banks, spirit, alcohol, breweries, sugar, agriculture, agriculture produces, natural resources related segments, chemicals etc.
Indications are that market may be looking for the upper levels, be ready to enjoy the ride. Rahu can give extreme of anything – I mean high as well sudden down also. But for the day, I believe may be giving upper levels.
Nifty may look to achieve upper levels, keep a watch on Banknifty.
On upper levels, in coming period profit booking will not be surprising.
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.
Categories: Share Market