Daily Forecast – Share Market – October 12th, 2023

Nifty may look for 19875 | Sell on upper levels possible | Buying on lower

Mars, Ketu with Venus are leading the day, well supported by Moon, Rahu and Sun. Day is again controlled by foreign issues/cues. Crude oil may show some pressure and will be around 85-87 USD. This is surprising that despite of Israel and Philistine war, crude is under control. Indications are some economic issues globally, but market is still ready to show some movements above the previous closing.

As I had mentioned regarding 19900 levels of Nifty in my previous post, today, market may show moves close to this level. Sell on upper levels possible. It will be better to move with proper guard/care.

Keep a watch on IT segment. Midcaps may also be better. Our market is heavily based on IT, so it will be better to watch IT and banks then decide the trade. Tomorrow will be last working day of the week and (also) before the solar eclipse (14-10-2023) – not visible in India, but globally trade may be influenced.

Watch the trade with care. Almost all the segments may remain active on either side. But possibly on the better side (may be with conservative emotions).

Nifty may look for 19875. Ups and downs also possible. Watch IT and banks.

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.