Daily Forecast – Share Market – November 2nd, 2017

Nifty may look for rest | Mood of the Market positive | Watch cues

Mercury, Mars and Rahu are leading the day with support of Moon, Jupiter and Ketu. Mercury has changed its sign and house. Government may indicate some moves for the public related issues, but Judiciary or government agencies may give decision, which may hurt sentiment of public or industries. It will be better to keep a watch.

Nifty may be cautious at the upper levels. Banks may like to take some rest or look for next move. But it’s a time to take rest if required. Mid-caps and small caps may show movements. PSUs may show movements. It will be better to keep a calm and close watch on the announcements – local and global too.

Nifty may further look for upper levels, but it will be better to keep a watch too.

Banks and financial institution with engineering, electronics and electrical may be doing better. Movement in insurance, sea related, crude and shipping with garments, silk and leaf based products, dairy based products and logistics, travels and tours may be showing movements.

Many segments may remain active. Indications are for positivises in the trade.  But due to changes in the house and sign of Mercury, it will be better to take guards too.

Indian Currency

Indian Rupee may trade in between 64.40 to 65.00 per USD.

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