Nifty Prediction : Buy on dips and sell on rise (as and when required) | Stock based trading better
Daily Forecast – Share Market – October 29th, 2021
Buy on dips and sell on rise (as and when required) | Stock based trade
Mars, Saturn and Mercury are leading the day, well supported by Rahu, Moon and Sun. Combustion of lord of foreign lands is still running, which is afflicting impact from foreign lands my not be good. After running of such run, we have seen dip in the market. Foreign cues may not be much supportive. China government is not supporting the business houses, they had asked the organizations to clear their debts by any means. Which may give negative impact on the market.
Russia has announced partial lockdown due to rising covid cases. India is in a better position, but we have not come to the zero level, whereas China has seen rise in COVID cases from Zero tolerance levels to 200 cases, so they are following strict controls in the area. Travelling and tourism is checked in China. Restrictions in some other parts of the world is also announced.
It will be better to trade with care. FIIs may be playing important role in coming period also.
Rahu may again play some important role – which is always deceptive. I am bit suspicious because of this Rahu Venus conjunction. Again, a chance dreams but may be deceptive/Mirage.
It will be better to be mentally prepared to sell on rise (as and when required).
As advised previous day, better to avoid index based trading. Better to look equity wise this trading or buying.
Pressure on railways related segment of areas, IT, logistics, defence, space, banks and financial institution, paper, textiles, electrical and electronics, look for opportunities at better rates. Alcohol, spirit, electrical and electronics, metal, automobile and many more, better to look for opportunities as and when required. Buy on dip and sell on rise (as and when required).
Nifty may remain in 17700 to 18050. Remember Rahu is active, means may again play sudden/deceptive role.
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.
Categories: Share Market