Daily Forecast – Share Market – November 7th, 2016

Opening may be positive | Trade wisely | opportunities for long term

Venus, Moon and Mercury is also in lead till 12:00 Noon, Ketu, Rahu and Sun are supporting. Indications are clear that market may be looking support from foreign issues. Market may be influenced with the US elections. Venus is also changing its house. I feel due to some planetary changes and geo-political situation; market may feel some pressure. Even issues related Indian companies may be influenced with Judiciary or some other government decisions or their own guidelines etc. It’s a time to trade carefully.

It will be better to look for the opportunity for the future – long term. Even if market falls by 1% or 2%, this will give an opportunity to look for 2-3 years point of view.

Spirit, Paper, communication, transport all segments, media will also be doing bit better (among different segments). Automobile tyres and automobile alliances may be doing some better. Keep a close track on power, infrastructure etc.

It will be better to be careful, instead of going for aggressive trading. Government machinery, Judiciary or exchange authorities may give some guidelines or may be influencing the trade.

Impact from neighbouring nations may also be influencing our business and public too.

Trading range for the week may be 8450 to 8750 nifty point levels.

According to the Dashas of the country, ups and downs are possible till 10-11-2016.

Indian Currency

Indian Rupee may trade in between 66.40 to 67.30 per USD.

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