Daily Forecast – Share Market – October 24th, 2022

Nifty may look for 17800 or so | Good wishes for Muhurt Trading

Wishing you all Happy Deepawali

Muhurt Trading

Mars with Rahu is leading the day, well supported by Saturn and Venus. Foreign cues and excitement of festival lights, Maa Laxmi may give good opening to the market. Rahu may try to look for upper levels also.

Remember tomorrow after working hour, we shall be passing through Solar eclipse, so again market may show some movements tomorrow also. Nifty may try to look for 17800 or so before solar eclipse.

Today, my preference will be for defence, banks, financial institutions, EVs manufacturer, batteries related EVs, renewable energy, IT after some dip/correction, logistics, chemicals, also look for non-traditional segments.

Keep a watch on Power, metals, alcohol and many more. Remembering that next Deepawali, nation will be preparing (or better to say in mode of) for 2024 general elections.

Nifty may look for 17800 or so. Enjoy the trade.

Indian Currency

Indian Rupee may trade in between 82.00 to 82.80 per USD.

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