Daily Forecast – Share Market – November 5th, 2015

Market may open with Pressure or show close to flat opening | Keep an eye on Government

Sun, Saturn and Rahu are leading the day with support of Venus and Ketu. I feel market may open with some pressure or will be close to flat. Impact from foreign issues and political issues, local market will be influenced. Venus lord of cabinet and India’s horoscope is involved in planetary war with foreign issues/aligns or issues related to public is influencing this day, but after second half Venus will come out of planetary war. Pressure on the market can be clearly seen.

Trend of market may show volatility or change in swing. It will be better to keep a close watch of Nifty levels in between +/- 1%. Bank nifty may also see some pressure in coming days.

Communication, IT, VAS may be better. Movement in Jewellery, Petroleum, Health care, spirit, alcohol, power companies may show some better movements in coming days. Vehicles will be doing better (valuation of stock is important).

Power related companies (involved in manufacturing instruments etc.) can be better.

Decisions of government may come within a day or two, which may give impact on the market. So, keep a close watch and Nifty may take a turn.

Indian Currency

Indian Rupee may trade in between 65.00 to 65.80 per USD.

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