Nifty Prediction : Volatility Possible | Sudden moves (spike either side) possible
Daily Forecast – Share Market – October 26th, 2020
Volatility Possible | Sudden moves (spike either side) possible
Rahu, with Mercury (Rx) and Sun, well supported by Mars (Rx) and Venus. Lord of Banks and share market is in the state of total combustion, but important point is that this lord is coming out of shadow of Sun or better to say trying to come out of the shadow of total combustion. COVID19 is hitting back globally, only China is improving fast (Comparatively). Country like Spain and Italy are taking strong measures for the safety.
Rahu is strongly active, which may give volatility or sudden spike or sudden moves. I agree that Sun, Venus with Mars are also active. Indicating that consolidation is also possible. But I will prefer to trade safely, for a day or so. Reason is that time is to set the direction of the trade. Foreign cues may not be able to give direction for a while.
Banks or bank may give some indication for buying of any Private bank (just chances), that means news will be important for the trade.
Automobile, alcohol, sugar, agriculture, metals, gems related, chemicals, defence and electrical with electronics. Automobile ancillaries, automobile tyres, with batteries, cement, paints and other building and infrastructure related segments. Keep a watch on Pharmacy.
Any time we may see momentum in the trading trend or direction. But still positive will be my call.
Indian Rupee may trade in between 73.30 to 74.10 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