Daily Forecast – Share Market – October 11th, 2024
Nifty may trade within range | 24800-25150 of Nifty important
Mars with Jupiter (Rx) leads the day, well supported by Sun, Moon, Rahu and Saturn (Rx). Foreign cues (political, war related or economic news) may give impact on our market.
The situation is deceptive. Possibly Nifty may try to test 24900 and may look for 25025. Overall chances for Mixed movements can be seen during the day.
It will be better to focus range between 24800 to 25150 of nifty. Astrologically, planetary movements may shift the style of the trade. Lord of the share market has moved out of own house, so will not be protecting own house of share market. But banks may give some better moves, because of some news from RBI or government news etc.
Watch IT, and if required then buy at better prices.
Keep a watch on FIIs movements, it will be better to focus on small trades to minimize the risks or to cover the risk.
Momentum in many segments may give movements, but risk is ahead. Watch the trades and stoploss is key. Sudden waves can be deceptive (waves on either side).
I am bit careful because of global scenario. Afterall – our economic concerns are mainly based on other nations (like US, Japan, China, Israel and Russia/Ukraine).
Cautious movements in the market will not be a surprise. Yes, this may give some indications for the coming period. Possibly some ups and downs may be seen during the coming period also, with some gains.
Possibly we may not be in a position to avail advantage out of such position. Range during the period 24800 to 25150 of Nifty. Crud oil prices may be on the lower side. Astrologically, because of Jupiter’s transit. Economically, poor demand in the global market.
Indian Rupee may trade in between 83.30 to 83.80 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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