Daily Forecast – Share Market – October 7th, 2022

Impact of Currency | Foreign cues important | Volatility possible

Rahu, Mars with Moon lead the day, well supported by Venus, Saturn and Sun. Lord of lagna of India’s horoscope is close to total combustion. Indications for INR may have some pressure, this may cross 82.50 against USD.

Today is last working day before weekend. INR may hurt the sentiments of oil companies may also hurt economic issues. Hiring and firing in Indian companies and global scenario is hurting the stability of market.

But Rahu is active – hence wave on either direction (High or low) will not be surprising.

Honour the numbers of market. Monday’s market will be based on Foreign Cues and Geo-political indications. Because lord of lagna will be in the impact of total combustion.

Due to natural calamities, unemployment data with wage hike data will be playing important role in our market on Monday. Saturn is also slowing down its speed for us, because will start transiting direct after a week.

Nifty may trade within range of 17250 to 17375. In case fear increases – that means breaches 17100, then plan for buying in dips (deep) or better to say capitalize fear of the market in coming period.

Overall market according to companies, chances are better, use this tricky market in your favour with smart moves.

Nifty may remain in range with the trade in many segments. Defence, banks, IT (on dips), EV bases automobile, automobile ancillaries, lithium-based batteries etc. with alcohol, spirt and like wise segments, paper, textiles, leather, keep a watch on space and aviation, drone manufacturing segments, non-traditional segments etc.

Market may show wave – Ups and downs possible (Volatile day).

Indian Currency

Indian Rupee may trade in between 82.20 to 83.00 per USD.

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