Daily Forecast – Share Market – October 11th, 2022

Second half important | Nifty may remain in 17050 – 17350

Mars leads the day, well supported by Sun, Moon, Saturn (Rx), Venus with Rahu and Ketu. Geo-political situation is giving impact on the local market. It will be better to take precautions in the second half. We may see impact of Rahu-Ketu, which may give suspense in the market because of global issues, news from IMF, restrictions on chip selling for China.

Europe and UK may be the area of concern for IT segments, although INR is weakening. Impact of the weakening Europe and UK are concerned area for the IT, because of their internal weakness of economy. Production of many companies may cut down in coming period.

We are also not in comfortable position. Unemployment and inflation are key concern for the local markets in coming days. Many learned may not agree with me, but my assessment is based on the basis of astrology. I wish, my observations go wrong.

Emotions of local concerned issues are better than the foreign cues, so tussle between FIIs and DIIs are key for the day. I agree that lord of the share market is still protecting the levels of the market, despite of weak foreign cues.

Keep a watch on Volatility. Even then mood for local market may have some positive sentiments – buying from lower levels possible and selling on upper levels will not be surprising.

Defence, institutions finance, keep a watch on banks, space, communication, automobile, cement, infrastructure related segments, textiles, leather and many more like paper etc. may show movements on either side. IT keep a close watch on results and commentary by the company, this may give idea of future steps. Although, I may prefer to have some good IT companies at better levels for the portfolio purpose.

Nifty may show some positive moves and at the same time volatility also possible.

Indian Currency

Indian Rupee may trade in between 82.10 to 83.00 per USD.

Please like my Facebook page @ https://www.facebook.com/AnoopAstroSutra.

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