Daily Forecast – Share Market – October 17th, 2024
Nifty Preparing to remain within 24875 to 25100 | Waiting for trigger
Malefic Planets ready set the direction in coming time
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.
Nifty may try to recover from lower levels during the day. Trimming on upper levels also possible. That means, Nifty may try to hold the levels around 25000.
Foreign markets are based on news based, which are influencing our market – directly or indirectly. Remember, still market is waiting for trigger. Either for the negative side or for positive side. That means ups and downs will be possible during the day.
Tomorrow, Mars will be moving in Neech rashi (debilitated sign), that means from tomorrow, two key planets will be in debilitated sign and two retrograde planets. Which means stoploss (strict) will be better at 24825 of Nifty.
Banks, financial institutions, and others may also be showing movements.
Movements in the markets can be sharp on either side. Even then I believe levels may have some upwards movements.
Indian Currency
Indian Rupee may trade in between 83.60 to 84.30 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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