Daily Forecast – Share Market – October 11th, 2023

Nifty may show +100 points or so | This week seems better

Mars, Ketu with Venus are leading the day, well supported by Moon and Rahu. Indications are clear that before the solar eclipse market will look for upper levels, reasons – foreign cues will be important and market levels may swell or try to recover 19800-19900 levels (possibly within this week.

Next week may have some different way of working (chances). Today market may show gap-up opening again. Or recovery from lower levels may be seen. Trimming on upper levels also possible.

Geo-political situation may deteriorate further. We may see some clear division (globally again). Crude as on date may remain under 90 USD. US market might give better impact on our market today.

Next week Volatility will not be a surprise till 28-10-2023.

Areas like defence, IT, communication, logistics, fashion, renewable energy, non-traditional segments, communication instruments, entertainment, space related, oil marketing companies, textiles, leather, banks and financial institutions/services including insurance, automobile, automobile tyres, travels and tourism, FMCG, and many more may remain active.

Nifty may show positive opening and look for 19775 or so. Or better to say +100 points of Nifty.

Indian Currency

Indian Rupee may trade in between 82.60 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.