Daily Forecast –Share Market – October 23rd, 2026

Emotions confused | Precious metal under pressure | Copper weak

Mars, Mercury with Jupiter are leading the day, well supported by Jupiter, Saturn, Rahu and Ketu. Importantly, Mercury is slowing down its speed for us. Hence banks and financial institutions may show some low movements in coming days.

Crude oil prices may remain in range of $111-$117. Is crude oil ready to cross $120? That means Indian market will be affected accordingly.

Geo-political situation is not supportive for the market. At the same time our own market is not supported by planetary movements. Lord of share market and banks is ready to start retrograding from tomorrow. Hence, chances of next week may give different pattern of trading (chances). Remember, next week (from 31-10-2026) Jupiter and Ketu will be in conjunction in Leo sign. So, planetary position in November may remain suspicious.

Nifty may try to show some recovery from lower levels, but emotions of the traders will remain shaky, wobble and uneasy. So, be prepared for the shaky pattern even if market shows some recovery from lower levels.

In case Nifty looks for 23000, levels, then remember, nifty may show reversal moves in November. That means Volatility may continue in coming period also.

Crude is not supportive, private banks also not supportive. Hence Nifty bank may remain range bound. Overall position is not supportive.

Watch IT, petroleum exploration, refinery, metals and other segments. Nifty may remain within the range. Communication, dairy, logistics, aviation, aviation (including drone) manufacturing and many more may show movements in defense and communication instruments.

Nifty may remain within range but buying from lower levels may be seen and pressure on upper levels also expected.

Indian Currency

Indian Rupee may trade in between 94.30 to 95.00 per USD.

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