Daily Forecast – Share Market – October 9th, 2020

Nifty may look for 11900 or so | Sudden moves Possible

Rahu with Mercury is leading the day, well supported by Sun, Moon, Mars, Venus and Ketu. Global cues may be positive but falling planet for foreign lands is not able to give best of support to our cues. Whereas banks and financial institutes may remain further active during the day.

As mentioned in my previous day’s post that market is looking for 12000 level of Nifty in coming days. Possibly today, nifty may look for 11900 levels or so. Market may be looking or influenced with the announcements from government agencies etc.

Rahu can give sudden rise or sudden movement on either side, but I believe for sudden rise. Remember in coming period lord of banks/financial institutions and share market will start transiting retrograde from 14-10-2020, so market may change its trend from the day.

Activities can be seen in banks, financial institutions, IT, communication, alcohol, wine, spirit, non-traditional segments, movements in crude is possible, which may directly or indirectly affect petroleum based segments.

Electrical and electronics, silk, cotton, communication instruments with other segments may remain active. Keep a watch on the news from government agencies. Insurance, research based segments, shipping and logistics, and all segments of transport may be showing movements.

Indian Currency

Indian Rupee may trade in between 73.00 to 73.80 per USD.

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