Daily Forecast – Share Market – October 25th, 2022

Nifty may look for 17800 | Rahu may give wave | Foreign cues important

Mars with Rahu is leading the day, well supported by Venus and Saturn. Importantly, Rahu is well connected with foreign lands in India’s Horoscope and lord of foreign lands are active highly. Indications are clear that movements are based on foreign cues, trades related to foreign nations etc.

After market hour, we shall be watching solar eclipse. This can play important role on trade also. Tomorrow, lord of banks and share market will be moving out of own house and sign. Which may give impact accordingly. Tomorrow will be no trading, I mean holiday, so market will open on the day of expiry day.

On date, we may see some wave in the market but will be based on foreign cues. We may see buying at lower levels. Nifty may look for 17800 (as mentioned in my yesterday’s post.

Remember, INR is not strong. This may look for 83 against USD in coming period.

Activities in non-traditional segments, EVs, defence, space, aviation, IT, logistics, power, petroleum based segments including automobile tyres, paints, reality, green energy based segments, gensets based on green energy. Travels and tourism are also interesting, please watch alcohol, spirit, and many more may be showing movements. Banks are still area of interest for a while.

Health care also will be area of interest.

Nifty may look for 17800, remember tomorrow will be close, so before solar eclipse, trade with care at the time of closing.

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.