Nifty Prediction : Nifty seems Positive | If dips – buy at lower for 11550

Daily Forecast – Share Market – October 5th, 2020

Nifty seems Positive | If dips – buy at lower for 11550

Venus and Mercury are leading the day with support of Sun, Moon, Mars, Ketu and Rahu. Overall situation is under control, but situation for the central government may be bit tough due to some or other state wise reasons (as indicated by Rahu). Market may hold bases and look for some better moves. Mars is a falling planet. Moon and Mercury are forming good relations, so I believe, market may look better. But retrograde Mars is not giving comfort.

Corona cases are indicating little bit of better situation in comparison to touching one lac mark. Now is around 80% of maximum mark or recorded cases.

Nifty may try to hold levels. Automobile and related segments may remain active with infrastructure, paints, rubber and solvents etc.

Crude is improving its levels, which may give impact on Petroleum and its based products. Movements in IT, communication, banks, and financial institutions. Textiles, leather, cotton, communication and entertainment instruments with FMCG, fashion, and other chemicals, leaf based, coffee, or other related segments may be showing movements can be seen during the day.

Keep a watch of (-) 100 points with a positive move. I mean if it dips, then look for opportunities for another 200 points from current levels. Keep a watch on Insurance also.

Indian Currency

Indian Rupee may trade in between 73.00 to 74.80 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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