Daily Forecast – Share Market – October 30th, 2020

Mixed day Possible | Opportunities at lower levels | Global cues Imp.

Sun, Mercury (Rx) with Mars are leading the day, and well supported by Rahu and in the later part of the day, some further changes can be seen. Market may try to show some recovery from lower levels, but this does not mean that market may not show some slip. But I believe that market try to show some recovery. On 02-11-2020, lord of the share market and banks will start transiting direct, so trend of trade may show some changes.

Foreign cues may be bit better or indicating recovery from lower levels. But we should not forget that US is going for election, time is close, so volatility or some other indications can be seen globally.

Automobile, automobile ancillary, automobile tyres/batteries with building materials, cement, paints, insurance for the coming days, IT, metals, metal related areas, it will be better to be watchful for technologies for a while, alcohol, chemicals, carbon black, with spirit, analytical laboratories, Infrastructure, and many more may be showing movements.

It is possible, some slip in the market can be seen, but I believe that now opportunities are lower rates can be possible. Global cues are Mix.

Indian Currency

Indian Rupee may trade in between 73.80 to 74.60 per USD.

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