Nifty Prediction : Nifty may test 16900 | Watch FIIs | Global news Important

Daily Forecast – Share Market – October 3rd, 2022

Nifty may test 16900 | Watch FIIs | Global news important

Moon, Mars, with Venus are leading the day, well supported by Saturn, Sun and Rahu. Importantly, market on last working day was rising and from 02-10-2022, lord of the share market has started transiting in different direction than the previous transit. This means Mercury was transiting retrograde and now from yesterday has started direct. Total different chaal. This is negative for the positive moves on date.

Secondly, Ukraine and Russia are indicating different direction. Announcement from Russia may also be bit troublesome for global political scenario.

Impact of US and European markets may be seen on IT sector, and this may give negative impact or tiredness or oversold impact. I agree that some communication may show better impact, even then impact of Gas energy may give impact on Inflation.

Nifty may breach 16900 or test 16900 on date. Trade with stop-loss. Fear of inflation and shadow of recession is affecting the market.

Domestic fronts of consumers may have impact on their expenditure.

I agree that automobile, logistics, agriculture, power, agriculture automobile with two wheeler has some positive moves, so market may show some movements in these sectors.

Ore and related segments may also show some movements.

Areas like defence, space, energy related segments, gas linked companies, sugar, agriculture produces, automobile, chemicals, power, communication (impact of 5G), entertainment, mid-caps, small caps and many more may show movements.

Trade with stop-loss. Keep a watch on movements of FIIs, banks, and many more likewise segments.

Nifty may test 16900. Trade with care. Investors for long may wait or look for good prices. Defence for long – good.

Indian Currency

Indian Rupee may trade in between 81.00 to 81.90 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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