Daily Forecast – Share Market – October 19th, 2021

Nifty may look for 100 points or so | Buying from lower levels better

Mars, Saturn with Moon are leading the day, with support of Mercury and Sun. Indications are that cues from foreign areas may be important for the day, but this does not mean that local issues and emotions may also play importantly.

Foreign cues indicate recovery from lower levels or buying from lower levels possible. But local cues may remain better.

Market is still looking for new levels. Lord of share market is in own house around monthly expiry, so, market may give better movements (overall), little bit of ups and downs are part of the trading. Crude and USD are maintaining their levels.

Nifty may look for another 100 points or so, but little bit of trimming or profit bookings are always welcome for such run.

Planets are supportive.

Segments like IT, communication, logistics, automobile, automobile tyre, batteries, non-traditional ways for energy, infrastructure, non-traditional segments, renewable energy, defence, banks, financial institutions, Insurance, chemicals, textiles, leather, paper, fertilizer, EVs related areas, surface transport, cement, paints, oil exploration and many more segments may remain active.

I believe market emotions are positive. Even then casual traders, trade with care.

Indian Currency

Indian Rupee may trade in between 74.90 to 75.80 per USD.

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