Nifty Prediction : Nifty May be in the range of +/- 100 points | Wait for stability

Daily Forecast – Share Market – October 28th, 2020

Nifty May be in the range of +/- 100 points | Wait for stability

Mars, Mercury both retrograde and Sun holding the day, they are well supported by Jupiter, Saturn, Rahu and Venus. Foreign cues may be dicey. Local issues, corona and news related with economy, results of companies with the news related banks will be imported. Expiry for the month and week is tomorrow, these issues will be imported for the day. Rahu and two retrograde planets can wobble the market.

Corona globally is not in comfortable situation, but in India, we are having some improvements. Ignorance of common man may be cause of concern for the corona related issues. Election in Bihar may need more awareness or care among common man for Corona.

Automobile, automobile ancillary, leather, textiles, insurance and many other related segments for sea and related areas can be seen. Automobile tyres, banks due to news, Pharmaceuticals, alcohol, spirit, IT, logistics, communication, broadband, power, electrical and electronics, may be showing their movements.

Nifty may show lower side also, breach of 11800 may also be possible. Stability above 11800 will be good for buying. I am hopeful for 11935 of Nifty, which can be important figure.

Trade with care. Reason is two wobbling planets with Rahu.

Indian Currency

Indian Rupee may trade in between 73.30 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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