Nifty Prediction : Opening may be positive | Volatility | Profit Booking expected

Daily Forecast – Share Market – November 15th, 2016

Opening may be positive | Volatility | Profit Booking expected

Market has opened after a bit long holiday. Moon is better, Rahu, Ketu, Saturn, Sun, Venus, Jupiter and Mercury. Indications are clear that Market will have ups and downs like waves of water. Rahu and Ketu are also indicating ups and downs.

Last week as it was mentioned that Nifty may be in the range of 8350 to 8700 and twice has touched 8350 and once breached 8350 or to more lower levels. Situation is still not comfortable due to the positon Venus and Mercury + influence of Rahu and Ketu.

Other planets are indicating that movements can be seen in many segments. Indications are that Nifty may be in the range of 8050 to 8600. USD may be bit strong and due to local government; it may also influence trading environment. Impact of foreign market and geo political situation will be influencing local market. Market may be dicey. But I am hopeful for the upper levels in coming days.

Bank Nifty will start picking up in better way by the end of this month. After this reconciliation of the market upper moves will start. May be due to the strong USD will give impact on our market. Yuan will be influencing otherwise. Government may come out with some other announcement in next coming days. Infrastructure and housing may be weak with Vehicles etc Automobile tyres are better.

On date, we may see better movements in media, communication, banks financial institutions, unrest of public will be disturbing the nation.

Indian Currency

Indian Rupee may trade in between 66.90 to 68.20 per USD.

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

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