Daily Forecast – Share Market – November 2nd, 2016

Geo-political conditions are Key| Movements may be on both sides | Pressure expected

Rahu, Mercury with Saturn, Sun, Moon and Venus are controlling the day. Indications are that mid-caps and small-caps will be better. This does not mean that large caps will not be showing any movements. Geo-political conditions are very crucial and may overpower our own situations.

Nifty may show (-) 0.5 % and then +0.5% movements. Sudden changes are expected, but Mercury which is coming out of shadow will be supporting trading and the day.

Textiles, pharmaceuticals, minerals, agriculture, petroleum etc. with some trouble in trades related for foreign nations or I can say import-export related segments may be under pressure. Leather and related segments will also be doing bit better.

Dairy products with transportation and communication and medial may be doing some better business.

Trade carefully due to powerful Rahu.

Indian Currency

Indian Rupee may trade in between 66.40 to 67.50 per USD.

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