Nifty Prediction : Nifty looking to hold 17800 and form base | Buy on dips better
Daily Forecast – Share Market – October 6th, 2021
Nifty looking to hold 17800 and form base | Buy on dips better
Moon with Mars and Saturn leading the day, well supported by Sun. Foreign house lord is trying to come out of total combustion situation, and lord of share market is directly supporting own house, although is returning back towards Sun.
Mixed indications possible. But I feel that look for opportunities at lower levels (if available). Market is close to new levels, preparing for new heights. Market may look back the levels of 27-09-2021 of first hours (Before 10:37 Hrs (IST).
Lord of share market is supporting own house, which negates pressure of foreign cues. The only point of concern is three retrograde planets are active and may give volatility or unpredictability. That means chances at lower levels are also possible.
Nifty may try to hold levels of 17800, patience is the key. Foreign cues may remain mixed. Vibes from China may not be comfortable for us. But this may give better opportunities for our Industries and new set-ups. Trouble can be for certain start-ups, which had financial support from China.
Oils, IT, communication, logistics, automobile, agriculture based automobile, petroleum exploration companies, coal or in simple words energy related companies may be doing well.
I feel comfortable for the period for next 10-15 days. Volatility is possible during this period, but will give opportunities to buy on dips.
Investors for 4-5 years or so, may buy or invest at any levels, and look for further invest on dips. For short term trades, may avail this period to enjoy the rise after dips.
IT, Fertilizers, paper, electronics and electrical, chemicals, FMCG, Oil (coconut/palm etc.), pharmaceuticals, Energy including coal, gas, EVs, renewable energy, other sources, non-traditional segments for long term, lithium batteries, solar energy related organization, and insurance, infrastructure, reality, with many more segments like dairy, leaf based, coffee etc. may be doing well along with issues related children or areas related to them.
Trade with positive emotions. Nifty may look to hold levels.
Indian Rupee may trade in between 74.00 to 74.80 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