Daily Forecast – Share Market – October 21st, 2024

Nifty may show buy on dips and confusion on upper levels

Collapse can wait | Profit bookings possible

Mars, Rahu and Saturn are leading the day, well supported by Moon and Jupiter. Almost entire horoscope is active with Neech Mars and Saturn, Jupiter (all Ulti chaal) Rahu and Moon (Uchh sign), for the day, Mars is enjoying neech bhang yog, but affliction of badhak Jupiter which is retrograde also, may liquidate the advantage of Neech bhang rajyog of Mars.

Crude oil may remain around 70-74 USD.

Venus is diluting neech impact of Sun, normally is known as Neech Bhang Rajyog. That means new combinations can be seen during the coming time and influencing the market accordingly.

Confusion may force this market to move slowly and lazily. Sudden moves and impact of FIIs can be seen during the time period. Advantage to health insurance because of government’s announcement.

Result of local companies may be influencing the market.

Nifty may try for 24925 but can breach 24750. Possibly trimming on upper levels possible. China has announced repo rate cut. So, Asian markets may try to behave according to the response of China’s market.

Watch banks, Financial institutions, IT, defense related and many more may give impact on the market, hence keep a watch. Crude oil exploration companies may show some ups and downs, because of crude oil prices.

Week may show some activities related to various issues, news from foreign lands etc. Next week will be another event of Diwali.

I feel, buying from lower levels and be prepared for trimming on upper levels. Point of concerned will be Banks, financial institutions, and confusion in the market. Reason is impact of Rahu. Sudden rise, sudden profit bookings will not be a surprise. Whereas last working day, market has shown good pull backs from lower levels. That means for a while buy on dips and sell on rise.

Indian Currency

Indian Rupee may trade in between 83.60 to 84.20 per USD.

Please like my Facebook page @ https://www.facebook.com/AnoopAstroSutra.

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