Nifty Prediction : Nifty may look for improvement | Opportunities at lower levels

Daily Forecast – Share Market – October 27th, 2020

Nifty may look for improvement | Opportunities at lower levels

Rahu, Mercury, and Sun are holding the key for the day and well supported by Jupiter, Venus and Mars. Indications are that impact of Global trading pattern is possible, secondly, Corona cases are rising Globally. Whereas in India, it is declining for a while. Chances of spread due to careless approach of layman in India can also be possible.

US is heading for their Presidential elections, which is directly giving impact on the global movements. Financial support from Government is playing key role in the US market.

China may be doing better in coming period. In local market buying from lower levels is also possible, reason is – lord of the share market is coming out of total combustion (shadow of Sun/AST). So, I believe that market may again try for 11935 of Nifty in coming period.  On date Nifty may look for 11825 or so.

Indications for Insurance, Petroleum, automobile, and financial institutions can be seen during the day. Auto ancillary, automobile tyres, two wheelers, agriculture related segments at lower rate for the next working day will be interesting.

Cement, paints, ceramic, sanitary fittings and many more related to reality/building can be seen during the day. Infrastructure may be better. Next month will influenced with local election and other political events.

Trade for opportunities.

Indian Currency

Indian Rupee may trade in between 73.10 to 74.00 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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