Daily Forecast – Share Market – October 26th, 2021

Nifty may show recovery from lower | Sudden moves not surprising

Rahu, Mars and Moon are leading the day, well supported by Mercury, Saturn + Sun. Foreign cues may remain interesting and may give better impact on the market. Local issues may also be influential for the market.

I believe, buying from the lower levels will not be surprising. Rahu may give one sided movement(s). Other planetary position is soothing. Impact of banks and financial institutions, IT, communication will be key to the day’s business.

Announcement from government for communication will be another point for the movements in communication.

I believe that impact of improvement in comparison to the 2020, results are reflecting the same. Point of concern will be unemployment due to COVID19 impact.

Nifty may show a pullback from the lower levels will not be surprising. Momentum can be seen during the day. Even then I will like to be watchful, because of Rahu’s influence. This Rahu may give suddenness movements on positive side and at the same time slide will not be surprising. Even then market seems positive.

Areas like IT, space, automobile, logistics, communication, web-based segments including e-commerce, power, renewable energy, green energy based areas may remain active. Keep a watch Pharmaceuticals, textiles, leather, paper, cement, chemicals, agriculture related area, sugar, engineering, electrical and electricals etc. will remain better. Areas like alcohol and related segments may be doing well.

Emotions positive, Nifty may show recovery from lower levels. Nifty may plan for 18300 in coming period.

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.