Daily Forecast – Share Market – October 21st, 2020

Nifty may improve | Buy on dip | Next week Interesting

Sun, Mercury (Rx) and Mars (Rx) are controlling the day with support of Ketu, Rahu and Venus. I feel that market may try to touch the levels of 14-10-2020 (Opening or 13-10-2020 closing ie. 11935 of Nifty). But Volatility is also possible, because Mercury is heading for total combustion (AST) in next week early).

Other planets are supporting to the market, like IT, automobile, foreign cues, but nifty may also show some dip (will not be surprising for 50-60 points of Nifty). It will be better to pick on dip. For 11935 or so (Nifty).

It will be better to check the levels of (-70) points of Nifty, if it breaches then hold for entry. Still, I feel Nifty may be back at 11935 levels.

Activities in the areas of Infotech, infrastructure, engineering, IT, e-commerce, logistics, communication, Optic fibre, cotton, silk, communication instruments, entertainment instruments and many more related to the area. Keep a watch on chemicals, Pharmaceuticals, Health care instruments manufacturer etc. Electrical and electronics with automobile will be comfortable.

Trade with Precaution, Closing value of 13-10-2020 or 11935 will be important in coming period or for the day.

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.