Daily Forecast – Share Market – October 16th, 2026

Nifty may look for 23050 | Stoploss Important @ 22900 | Results important

Ketu, Mars with Saturn (Rx) are controlling the day, well supported by Jupiter, Mercury and Rahu. Chances of some buying from lower levels. Foreign cues, FIIs and unexpected events may give impact on the market.

Results based market.

Market may try to look forward by the end of this week, means today. Nifty may try to hold the levels above 23000. I feel according to the planetary movements, possibly Nifty may look to hold above 23050 levels. Use stoploss.

As mentioned in my previous post that IT may surprise, similarly yesterday, IT has turned around the emotion of the market during the last trading session.

Importance of Banks and financial institutes may also give impact (again) on the market for the day. US Bonds market gave advantage to INR against USD.

Communication instruments and shipping related communication instruments, IT with care, aviation, power, energy related segments, watch Pharmaceuticals, chemicals, fertilizer, textiles, tea leaf and many may show some movements. Use the day with confidence, but be watchful during the closing hours or close to the same.

Indian Currency

Indian Rupee may trade in between 94.20 to 95.00 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.