Nifty Prediction : Nifty may look for 12050 | Trade with stop-loss | Market Lord wobbling

Daily Forecast – Share Market – October 15th, 2020

Nifty may look for 12050 | Trade with stop-loss | Market Lord wobbling

Mercury (Rx), Mars (Rx), Sun and Venus are leading the day with support of Rahu. Foreign cues may not be supportive or better to say that local market may be looking for local system. There is big tug of war between Bulls and bears, because of retrograde Mercury and Mars, other planets are supporting the market.

US market is affected with the elections. Return of Corona in European countries may also affect for a while. France has re-imposed night curfew due to COVID. Vaccine is still awaited.

For Local market, it is possible that market may try to look for 12000 to another 75-100 points of Nifty levels. If this will happen then it is certain that market may be showing movements in Bank Nifty/banks, along with IT, automobile (two wheelers), infrastructure, building material, agriculture related segments may remain better in coming period.

Chemicals, FMCG, carbon black, housing related segments may be showing action. Logistics, automobile tyres, spirit, alcohol, win, entertainment, optic fibre and many more segments.

Indian Currency

Indian Rupee     may trade in between 73.10 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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