Daily Forecast – Share Market – October 29th, 2020

Keep a watch Global cues | Nifty may show ups and downs

Mercury, Mars with Sun leading the day and well supported by Venus, Saturn and Rahu. Indications from the global market may not be comfortable. Health issues – globally are not comfortable, CORONA is increasing globally. Countries are introducing Lock down again. Which is influencing global economically. Germany, France, and US etc. are affected with COVID 19 (rising cases). US election is also influencing market.

Market is influenced with the retrograde lord of share market. Indications are clear that market is in volatile mood on this expiry day.

It will be wise to look for the base zones of Nifty or it will be better to say that Nifty may breach levels and try to recover from lower levels. Situation of movements may be settling the direction of market after 12 noon or around the same.

Banks and financial institutions may remain active in either of direction after initial 1-2 hours.

Movements in agriculture, leather, Pharmacy, sugar, textiles etc. can be seen during the day with alcohol, spirit or biproducts of the same. Laboratories, Health-care segments, logistics and e-commerce will be comfortable (comparatively).

Currency may see some pressure.

Nifty may be in the range of (+/-) 100. Pressure (possibly opening) may be seen.

Indian Currency

Indian Rupee     may trade in between 73.40 to 74.30 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.