Nifty Prediction : Avoid Future/Index based trading | Specific stock based better

Daily Forecast – Share Market – October 21st, 2021

Avoid Future/Index based trading | Specific stock based better

Mars with Moon leads the day, well supported by Mercury, Sun, Saturn and Ketu. Foreign cues looking better. INR may also improve little bit of its position, although globally USD is improving its strength.

Planetary position is not bad. Almost entire horoscope is active, chances of recovery from the lower levels quite possible. As advised previous day, that buying opportunities at lower levels. Lord of share market is better. Banks and financial institutions important. Issues related with mid-caps and small caps might disturb but look for opportunities (if any reversal move in mid-caps and small caps). Avoid Penny stocks (by n large). Risk factor is very high.

Chances after such a great runup for profit booking is always there. Remember, today is weekly expiry. It may remain within the range of 100 points of nifty.

Key factors for the market are defence, space and IT (software related) or language-based areas.

Remember, margins of companies may reflect impact of inflation or rising prices of raw materials. I am hopeful because of Ketu, which may give some better opportunities for buying. Crude oil is again disturbing economics of raw materials.

Coming period for crude oil may be much tough by the end of year or so. That means, market is going to face impact accordingly. Bond yield are rising, which may going to hurt our market in coming months. Sentiments are not bad, but practically, I believe that better to be trade with care.

Stock specific trading will be better than indexes. Rising costs of energy may spoil the market in coming period. Only stock specific trading of buying better. Avoid high risks of Future trade.

Instead of segments wise, better to go for stock specific business. Profit bookings on either side will be better.

Rural finance, retail, textiles, chemicals, automobile and space/defence is my area of interest.

Indian Currency

Indian Rupee may trade in between 74.60 to 75.40 per USD.

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

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