Daily Forecast – Share Market – October 15th, 2024
Nifty may look for 25250 | Stoploss at 25000 better
Jupiter, Mars with Rahu leads the day, well supported by Saturn and Moon. Importantly, Moon again plays some better emotional role and sudden changes in in the movements.
Possibly, market may show some mixed but sudden change may be seen during the day. Market may show upside movements. Importantly, till Jupiter transit is retrograde, we may see (By n Large) control on crude oil prices.
Market is rising, but inflation in Indian market is still on higher side, many local political and job related (unemployment) issues are on higher side. I feel still market may show some upside movements.
Remember, in coming time globally, we may see volatility, reasons can be coming up US elections, China’s economy and economy of Japan (although Japan’s economy is settled).
Nifty may look for another 100 points or so despite inflation (food inflation and other sectors also). I believe demands in the market is still on the lower side.
Watch, look and move (as you are crossing the road). FIIs are holding the levels, with thin holdings. So, in coming time possibly they may go for increasing the holdings at the appropriate opportunities. That means at one stage FIIs may go for shorting of their holdings.
Look for the opportunities on either side for advantages. Sharp moves may give advantage for the intraday traders.
This may also give indications for the period around Diwali, because two planets will be in Neech rashi and two will be retrograde. Be ready to avail advantage on either side of the trade.
I believe because of some or other reasons, we may see sudden sharpness in the market.
Indian Currency
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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