Daily Forecast – Share Market – October 6th, 2023

Nifty may look for 19625 | Sell on upper levels possible

Rahu, Ketu with Mars are leading the day, well supported by Sun, Moon and Venus. Global cues may remain better. Rahu and Ketu may give some better suddenness to the market. Other planets are doing better, where as Jupiter and Saturn are transiting retrograde.

Keep a watch on announcements or news from government or its agencies or organization(s) – like RBI or others.

Watch Banks and financial institutions. This may give some impacts on the market accordingly. So, watch the trade after first hour of opening of the market. Today is the day before weekend. This positive opening or emotions may suddenly show some change of direction in coming time.

14-10-2023, will be the day for Solar eclipse (not in India, but other parts of world), which may give its impact on the share market (geo-market).

Nifty may try to hold the levels above 19600 but sell on the rise or upper levels will not be surprising. Because of release of Job data of US will be declared in the evening.

Remember, chances of big gaps in the market is not expected. If there will be big gaps then – will be a surprise for me.

Action in many segments will be seen during the day, reason – entire horoscope is active. That indicates activities in almost each and every segments, direction of movement can be different. Keep a watch on defence, banks, IT, automobile, sugar, leather, textiles, paper, space and related segments, cotton, silk, and many more like chemicals, renewable energy etc.

Nifty may try for 19625 but sell on upper levels possible. Crude is showing down trend, which is alarming – indicates consumption issues.

Indian Currency

Indian Rupee may trade in between 82.70 to 83.50 per USD.

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