Nifty Prediction : Positive movements possible | Be wise before closing /second half

Daily Forecast – Share Market – October 1st, 2020

Positive movements possible | Be wise before closing /second half

Ketu is leading the day with support of Saturn, Rahu, Mercury, Venus, Mars, Moon and Sun. Indications are clear that market may be enjoying energy from foreign market. China market will be closed and may remain close for 7days. Planetary position is indicating movements in many segments or better to say in almost all the segments.

Movements in almost all the segments can be seen, that means, market may show good positive movements including midcaps and small caps. Nifty may try to look another 100 points movements or so. Important point is that today is last working day for the week and market will reopen after 3 days off. So, it will be better to be watchful at the time of closing.

Unlock 5.0 will be applicable from today. Impact can be seen in the market accordingly. Secondly, Corona cases are indicating a decline despite of increase in testing. News from Pharmacy area is also positive. Indicating positive movements in the market.

Movements in IT, communication, banks and financial institutions, leaf based products, coffee, chemicals, Pharmaceuticals, leather, textiles, infrastructure, power, automobile, petroleum based products like automobile tyre, batteries, paints, and many more may be showing movements in the market. Communication, entertainment instruments and entertainment segment may show some movements.

Action can be seen in spirit, sugar, alcohol, agriculture based automobile, two wheeler because of rural areas can be seen in coming period.

I am bit positive for the day. Long term investors should act only in good equities.

Indian Currency

Indian Rupee may trade in between 73.40 to 74.20 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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