Daily Forecast – Share Market – October 6th, 2020

Coming period Nifty may look (+)250 points | Volatility Possible

Sun and Mercury are holding the key for the day with Moon, Mars, Rahu, Ketu and Venus. Movements in many segments can be seen, which may give little bit of positive touch to the market. It is also fact that, Rahu and Ketu can give volatility (may be low or high). Weekly beginning was comfortable, which may also give support to the market.

Foreign cues are better, but our market may show own mood also. Currency is better, with crude position. India’s position must respond according to our own situation/economic and unemployment position.

COVID has affected human being with economy, today or tomorrow, market has to respond to such issues. I will prefer to be watchful in coming period. I also agree that currently that before any shock, market may look for another 250 to 300 points of Nifty.

It will be better to look for opportunities on dips and sell on upper levels in coming days (for traders).

Banks, automobile, IT, communication and logistics etc. with transport can be giving better performances. Keep a watch on chemicals, sugar, engineering and defence segments. Electrical and electronics with Optic fibre, leaf based, coffee, FMCG and many more segments can be involved in movements.

Private banks may remain more active.

Indian Currency

Indian Rupee may trade in between 72.80 to 73.60 per USD.

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