Daily Forecast – Share Market – November 10th, 2015

Further negative moves expected at least in the opening

Sun and Saturn are strong with support of Jupiter (after 11:01 Hrs (IST)) and Mars, Venus etc. Mercury is inching towards the total combustion, which may place share market in blind spot and possibly has to take cues from other sources.

I feel pressure on market can be seen possibly Nifty will like to touch yesterday’s lowest level and after 11:00 Hrs IST, some upward movements in petroleum, insurance etc. can be seen.

Automobile tyre segment can be doing better with small caps of IT etc.

Metals may show some down trend, as earlier mentioned it will be better to keep a close watch on China and USA at least till middle of February 2016 and importantly winter session of Parliament (which may again be disrupted), these three can give further slide to the market.

So, I will not like to go for long term basis. Intraday traders – who are totally dedicated and doing trading on daily basis – it will be wise for them to keep a smart watch and then trade.

Indian Currency

Indian Rupee may trade in between 66.00 to 66.80 per USD.

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