Daily Forecast – Share Market – October 14th, 2024
Midcaps and small caps better | Defense and IT look for Opp.
Mars, Rahu with Jupiter (Rx) leads the day, well supported by Moon and Saturn (Rx). Moon is forming decent relationships with Jupiter and Venus. Indicating that crude oil prices may again show under control, because of some demand issues especially in China.
I believe that other foreign issues may be influencing our ups and downs side of the market. Keep a watch on foreign cues and market. FIIs may give some indications for buying, which may give some better levels for the market.
Market is still looking for the trigger for the direction. That means Since market has dubious indications (Rahu is active strongly during the week and coming time also). So, sudden gains or sudden reversal will not be a surprise.
Movements may remain within range of 24900 to 25075 of Nifty.
Crude oil is indicating reversal moves for the time being. INR may further show weakening of its strength, INR may remain above 84 against USD.
Activities for midcaps and small caps will be better than large caps, because entire horoscope is active, that means almost all the segments may remain active. In coming days two planets will be retrograde and two will be in Neech rashi.
Defense is better for long.
Watch before going for short or going for long.
Indian Currency
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