Daily Forecast – Share Market – October 19th, 2023

Nifty may breach 19600 | Volatility Possible  

Watch global news within next 24 hours | Watch Fundamentals and technical issues

Mars and Venus are leading the day, well supported by Rahu, Ketu and Mercury (which is totally combust and will be fully Dagdh (Combustion stage). This Lord of share market is only 47’ away from Sun, indicates unable to show its strength and also moved in Libra sign.

Indications are cues from foreign lands (Economic and geo-political) will not be decent. On the other hand, Lord of banks and share market is weak, Moon is transiting in Neech rashi (Debilitated sign). Market may show some volatility because of Rahu-Ketu involve in Shatgrahi yog.

I feel it will be better to wait for the market to settle down before going for any entry. Today is weekly expiry of Nifty 50 (also) – Volatility to ‘banti hai’.

Banks may also show some tricky day. Watch results of various institutions. Nifty may test 19600 or better to say pressure for 100 points of Nifty. Israel and Hamas issue is now involving other nations or threat to involvements. Bond yield of US is also indicating pressure on global markets.

Horoscope of US is indicating some economical issues may be seen in coming period. So, watch the trades with care. I had earlier mentioned that be watchful with the moves of Giant traders.

Crude is around 91-95 USD. It seems INR is now able 83 against USD. Or we can say USD index is inching above.

Defence, space, non-traditional segments and many more may remain active. Watch banks, IT and others key segments.

Nifty may show pressure because of global issues. Nifty may test/breach 19600 because of totally combust Lord of share market. Volatility will not be a surprise.

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.