Daily Forecast – Share Market – October 28th, 2021

Stock based trading better | Avoid Index for the day

Saturn, Mars and Moon are leading the day, well supported by Sun, Rahu and Mercury. Monthly expiry day, impact will be accordingly. Indications for Volatility is seen. Rahu is always a planet, which can give volatile performance for the market. One more point of impact can be results of various companies.

Global cues will be important, and their policies or other data may be important for the upcoming market. Remember crude for the day is little bit low. This may be for the day. Indications for the market is to trade with stop-loss.

It means better to avoid Index trading for the day. FIIs are at present indicating for Volatility. I will prefer for stock related trading or buying.

Any index like bank, nifty, or any other index, may show volatility, possibly not in a big range. So, it will be better to avoid long in Index. But buying for company’s performance-based stocks may be showing movements.

Areas like IT, communication, power, metals, automobile, defence, space, travels, FMCG, paper, petroleum, hydro-carbon, ports, or better to say, sea related areas, Pharmaceutical, agriculture related segments, agriculture based automobile and many areas may be showing active moves. It will be better to look forward with companies based stocks (cash trade) will be better.

Automobile tyres may also be doing interesting.

Trade with stop-loss if trading in Index, but in my opinion better to avoid long in index.

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.