Daily Forecast – Share Market – October 19th, 2022

Nifty may show Volatility | Prepare for 17650 | Buying on dips

Mars leads the day, well supported by Moon, Rahu, Saturn (Rx), Mercury and Venus, indicates cues from foreign markets may give support to the markets. At the same time negative news from foreign companies may also affect the market.

Indian companies may be announcing quarterly results, which may give impact on the respective companies during the trade (in anticipation or announcements).

Indications for the market may try to 17650 or so, in coming period (before solar eclipse). FIIs and DIIs are supportive for the market. Even then look for opportunities on dips.

Crude and currency are within range. News from US is good for crude purpose (prices of gases and crude may be under control).

Defence may show action, exports and imports related segments may also be showing movements, pharmacy, fashion, banks and financial institutions, education, insurance, shipping or sea related segments, non-traditional segments, alcohol, sugar, leaf-based segments like tea etc., dairy, and many more segments including in mid-caps and small caps may show movements.

Nifty may try for 17650 or so before Solar eclipse. Chances of buys on dips possible.

Indian Currency

Indian Rupee may trade in between 81.70 to 82.50 per USD.

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