Nifty Prediction : Opening may be positive | Volatility expected | Trade may be under Pressure

Daily Forecast – Share Market – November 16th, 2016

Opening may be positive | Volatility expected | Trade may be under Pressure

Moon is indicating that IT, communication, transport media, publications etc. with leaf related products may be doing bit better.

Other segments related spirit, alcohol, breweries, silk, readymade garments and textiles, papers etc. will be better. Defence, agriculture, irrigation, FMCG and automobile batteries will be better. Petroleum and crude will also be influencing the market. Pressure on currency will be effecting the market. Keep a watch on pharmaceuticals etc.

If looking for long term investment then this period is giving an opportunity for long term (3-4 years investment) Traders must be watchful. Because movement in either side will give movements to maximum segments.

Mid-caps and small caps will be interesting.

Indian Currency

Indian Rupee may trade in between 66.60 to 68.40 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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