Nifty Prediction : Nifty may look for 11850 levels | Long can wait | Safety Important

Daily Forecast – Share Market – October 19th, 2020

Nifty may look for 11850 levels | Long can wait | Safety Important

Mercury, Mars with Venus are leading the day and well supported by Sun, Rahu and Saturn. Two important planets for the market or foreign cues are transiting retrograde. Indications from other planets are indicating that movements in various segments can be seen positively, but global cues may be positive for the day, but ups and downs in such cues in coming period can be seen.

Share market may look for the better levels may be 10850 of Nifty or so. But wobbling is on, lord of the share market has entered in the combustion area of Sun, but still may not be much influenced, because of the distance from Sun.

Results base or other impacts may be influencing the market in coming period. Results of second quarter may be comparative from the first one, so may remain better due to movements in second quarter, which may give positive moves (possibly – because of logic).

Movements in textiles, agriculture based movements, automobile and automobile related to rural segments. Alcohol, spirit, chemicals, silk, cotton, infrastructure, power, cement, chemicals, Pharmaceuticals, leather, Jewellery, tiles, FMCG, financial institutions and banks may be showing movements.

Wait for momentum and start your buying and move accordingly.

Market indications are positive.

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.

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