Daily Forecast – Share Market – October 10th, 2021

Buy on dips | Nifty Preparing for new levels | Volatility possible

Moon, Saturn, Mars are leading the day, well supported by Sun and Mercury. This lord of share market is coming out of total combustion, indicating that this will be looking better than Saturday and Sunday. Saturn has also started transiting direct. Mars is trying to come out of total combustion. Indications from foreign lands may be deceptive, but this does not means that we should ignore activities from foreign lands.

Emotions are better despite of odds. There is very thin line between odds and emotions, anytime balance can be disturbed (if happens not surprising)

Like shortage of energy/power may be going to give impact on normal life of production, based on electricity. Time has come when we should focus on alternate energy in our life and for Industrial consumption. Heavy industries must consider their ways for alternate energy, within the guidelines of government and I believe that government will be supporting for the same.

Focus on alternate energy manufacturer, glycol and other resources can be another areas for the coming period apart from defence/defence export.

India may be doing something better in IT, Pharmaceuticals, defence and other areas to earn revenues from foreign lands after 4 years or so. It will be better to keep a watch on space etc. Green energy and many more will be future for the period.

Nifty may remain close to the previous closing, but I am positive for the market, but impact of crude, currency is hurting sentiments. Or it will be better if this will continue then may cause hurdle in the economy of India. This may hurt sentiment of the market on date. Planetary movements – changes in transit gives volatility (chances).

It’s a one day short working in the week. Nifty is indicting look for Opportunities on dips (for a while).

Areas like automobile (EV related batteries), reality, infrastructure, IT, space, web, e-commerce, Insurance, power, coal, metals, chemicals, fertilizer, automobile tyres (keep a watch), Oil exploration, solar business, and many more areas like banks, financial institutions etc. may remain protective for own house, as lord of the share market may also try to protect this share market levels.

Nifty is preparing for the new heights (Despite of odds in energy and others like currency)

Indian Currency

Indian Rupee may trade in between 74.60 to 75.50 per USD.

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