Nifty Prediction : Trade with caution | Nifty may show moves on either side
Daily Forecast – Share Market – October 13th, 2020
Trade with caution | Nifty may show moves on either side
Mercury, Mars and Venus are leading the day with support of Ketu, Rahu and Sun. Lord of share market and banks will start transiting retrograde (Ulti Chaal), from tomorrow, so closing value of market will be important, trend of the market may show some different moves from tomorrow, then will not be surprising.
Shasak of Finance Ministry has again tried to show some thing, but vision, planning and way of execution needs perfection, which is missing or lack of tuning between these factors. Ministry must accept that economy was falling in 2019-20, only then some concrete can be planned/executed.
Private sector is totally ignored by the shasak of Finance ministry. They are thinking that only government sector is in the nation, but major part of revenue is based on the income and expenses of Private sector employee, whose income is totally taxable. They are facing unemployment, salary cut, paying higher prices in the name of COVID, getting poor service in the name of COVID.
Support from foreign market may not be comfortable. I will prefer to go with care in the second half of the day. Market is still looking for 12000 or so (nifty). Keep a watch on Judiciary. Pharmacy and health care are better for a while. But trade with care.
Active sectors can be banks, financial institutions, automobile, communication, power, infrastructure, Insurance, laboratories, IT and many more may be showing movements including alcohol, spirit, win and others. Either side movements will not be surprising.
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.
Categories: Share Market