Daily Forecast – Share Market – October 27th, 2021

Range bound of (-/+) 150 points of Nifty | Buy on dip | Strict stop-loss

Mars with Moon leads the day, well supported by Mercury, Jupiter, Rahu, Sun and Saturn. Entire horoscope is active, only Venus in indirectly active. Foreign cues may not be so impressive. Impact of foreign players may be seen, but our own impact may be bit different. Reason is various planets are active.

It will be better to say that consolidation mode can be seen during the period.

It will be better to go for buy on dips even dips up to 18150 and range may be up to 18375 or so. Midcaps may also be interesting with small caps.

Importantly, crude oil’s shortage is strongly possible in coming period. Which may be very important for the health of economy of the manufacturers because we have not moved on alternate energy. Coal is already showing its impact. Even consumers may suffer a lot because inflation may go further…

It will be better to keep a watch on IT, communication, leaf based areas, alcohol, spirit, metals, defence, space, web based entertainment, power, energy, petroleum exploration, foreign trades (related), textiles, leather, paper, insurance, laboratories (including pathology and R&D), banks and financial institution, many more segments. Keep a watch on mid-caps and small caps.

Market may give opportunities at lower levels and buy on dips. Enjoy opportunities with a strict stop-loss.

Indian Currency

Indian Rupee may trade in between 74.30 to 75.10 per USD.

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