Daily Forecast – Share Market – October 3rd, 2023

Emotions may not be good | Nifty may test 19575 and look 19750

Mars, Ketu with Sun are leading the day, well supported by Moon, Rahu and Venus. Lord of share market is ready to move in Libra sign, that means in coming period we may see impact of foreign cues and political impacts on the market. Remember this movement of Mars will free lord of share market and banks in its sign.

I believe that lord of share market will try to hold the levels, but odds are strong so, we may see some pressure on the market and Nifty may test 19575 again. It will be better to trade with stop-loss (strictly). Reason is global economic situation is not comfortable, this is also fact that 2024 will the year for election for India and US (importantly). Geo-political situation will also be playing its role along with economic situations.

Although China’s news may not come out so easily, but their planetary position for the period is not comfortable for economical purposes, this is also fact that they may try to restructure their own working style to improve their economic situation.

Globally, time is for restructuring new relationships for improving their economic situations and others (including impact on their local political situation). In India, we may see further restructuring in political combinations (possibilities).

US government is going for debts (two times regularly). This sign is not good for global economic concern. This may influence crude also.

Areas like banks, financial institutions, watch IT, communications, logistics, automobile, automobile tyres, automobile ancillaries, space related, defence related, alcohol, renewable energy, non-traditional segments, power, chemicals, gases, infrastructure, reality, and many more.

Gaps will be not much for shorts, and it will be better to watch according to your wills.

Nifty may test 19575 again. Buy at lower also possible. FIIs may not be supportive.

Indian Currency

Indian Rupee may trade in between 82.50 to 83.40 per USD.

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