Daily Forecast – Share Market – October 20th, 2021

Nifty may try to hold levels | Buy on dips and sell on rise (if require)

Mars, Mercury with Moon are leading the day, well supported by Sun and Saturn. Lord of foreign lands is still under influence of Sun, means is combust. Since, lord of share market is in own house and sign, hence this lord will be protecting own house and market. At the same time banks, financial institutions may remain better.

Buying from lower levels and possibly, trimming on upper levels (just a chance) possible. I believe that despite of watchful movements, market may remain better/positive.

Keep a watch on FIIs and DIIs etc. Previous working day was affected by FIIs and DIIs.

Energy crises may be cause of concern in the coming period.

Areas like coal, metals, power, leather, engineering, non-traditional energy, renewable energy, garment, textiles, logistics, Fertilizer, defence, and space, IT, communication, automobile, automobile treys, ancillary, insurance, e-commerce, food related e-commerce. Many more segments are ready to move. Chemicals, lubricants, crude exploration, and many more like pharmacy.

Volatility will not be a surprise. Although sentiment is good, but numbers related system may not be good.

Market is trying to build base. Bonds yield etc. are interesting. Keep a watch on upper levels.

Nifty may try to hold levels, volatile figures will not be a surprise. Lord of share market and lord of banks – supporting share market and banks/financial institutions. Hence role of financial  institutions should not be ignored.

Indian Currency

Indian Rupee may trade in between 75.00 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.