Daily Forecast – Share Market – November 4th, 2016

Market Level 8400 to 8600 Nifty point | Global cues important | Sudden changes 

Mercury and Rahu are controlling the day with another five planets. Indication is that market may show movements in many segments. At times volatility, can be seen. Rahu may influence other planets negatively.

Market is indicating that movements for mid-caps and small caps (may be in negative side) will be their along with other groups too. Banks and other important segments may show movements again with pressure. It will be interesting to see this market in second half.

Next working day may be better for infrastructure, power, automobile and alliances etc. It is always good to have a look on dairy segments with petroleum, IT, communication and media. Transport and logistics may also be showing some moves in coming days. Look for the opportunity for very long-term like 3 years or so.

I will look forward for air-transport too.

If market falls from the yesterday’s levels, then it will be one alarm for the market for the next few days. I feel that market is preparing for next coming period.

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.