Daily Forecast – Share Market – October 7th, 2021

Buying from lower not surprising | Volatility also not surprising

As mentioned in previous day’s post that three planets (major) are retrograde, so suddenness or unpredictability possible. Which was seen in previous sudden fall, but also mentioned – Opportunities of buying form lower levels.

Moon, Mars with Saturn are leading the day, well supported by Sun. Foreign cues may be under pressure, but can give Mixed indications also. Lord of share market is hold and trying to protect own house, although falling from previous sign, heading towards Sun for combustion. Three important planets are retrograde and may give unpredicted moves or movement in the market.

I believe that buying from lower levels possible, which may give recovery from the previous closing. Before planning for long (3-4 months) term trading – please keep a watch on Energy shortfall (possible) in India also.

We are running far behind in renewable or alternate energy, which may cost big during this shortage of energy. Our maximum reliability is on Coal and Gas/petroleum. OPEC is not increasing production, where as coal is already short in the market to check pollution levels. China is also facing crises for energy. Winter is ahead.

Currency (INR) is also heading for upper levels.

IT, communication, power, coal, petroleum exploration, Renewable energy, alternate energy, non-traditional segments, electronic and electrical, banks and financial institutions, e-commerce and many more are ready for pick in coming period.

Chemicals, leaf based products, bicycle, two-wheelers, multi-axle products etc.

As mentioned in my yesterday’s post that sudden changes/Volatility in coming period is quite possible.

Keep a watch on reality also. Buying form lower levels not surprising.

Indian Currency

Indian Rupee may trade in between 74.30 to 75.00 per USD.

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