2024-10-16 07:20:06 Astrological Nifty Prediction : Stoploss @ 24900 better | Nifty may move around +/- 100 points - நித்ய சுபம்

Daily Forecast – Share Market – October 16th, 2024
Stoploss @ 24900 better | Nifty may move around +/- 100 points
Results may also effect the stocks
Saturn, Mars with Rahu are leading the day, well supported by Jupiter, Mercury and Moon. Importantly, Sun has moved in debilitated sign, in conjunction with Mercury lord of share markets and banks, which may have influence of Neech rashi Sun. But impact will be seen on reality, infrastructure and power etc.
Global cues may not remain supportive, which may affect our market. Secondly, the results of various companies may also be influencing the market. Still the market is waiting for direction from any other point of view.
Opportunities on upper levels to book profits or trimming. Or at any stage it may look for flat market (in terms of %age).
Wait for the market – buy to the perfection levels of various stocks. Volatility indications for the coming time. From day after tomorrow, lord of foreign lands will be in its Neech rashi and moving in the neighboring areas.
Stoploss at 24900 will be better. That means chances of breaching 25000 is possible. Watch with care, chances of collapse will not be surprise (if it collapses, then can be little more than expected).
FIIs are still on selling momentum, maybe less but they are selling.
Banks, financial institutions, and others may also be showing movements. Defense companies, internet related companies, entertainment, infrastructure, power, insurance and sea related segments may remain active (on either side).
Movements in the markets can be sharp on either side. Even then I believe levels may have some upwards movements.

In between the week, the ups and downs are quite possible. Stoploss at 24900 better. Nifty may try for 25100 also.

Indian Rupee may trade in between 83.60 to 84.20 per USD.

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

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