Indian Stock Market

Indian market went through a sharp selling in the previous session. Saturn turned direct but is in conjunction with Ketu which is why uncertainty is prevailing in the Indian stock market. This is happening since 17^th July 2019. By next weekend, Saturn and Ketu will separate and uncertainty in Indian stocks will reduce. Market will enter upward move. Rally is expected only after September expiry.

Technically if Nifty doesn’t close below 10600 then September expiry can be around 11000 or higher. In October, it may move up to 11600.

For today, astrology signals positivity. Closing is expected to be positive but it is difficult to judge the magnitude.

Nifty has major support at 10600 and Bank Nifty has major support at 26500 (closing basis).