Daily Forecast – Share Market – November 9th, 2017

Recovery from lower levels possible | Volatility possible

Rahu, Jupiter are controlling opening of the day with support of Moon, Mercury, Ketu, Saturn and Mars. After 13:38 Hrs (IST), Saturn will gain strength. Indications are that market may look for the recovery from the lower levels. Even then, movements on either side may be less.

IT, communication, media, logistics, travels and tourism may show some positive indications, but a confusion is also possible. Transport (surface and aviation) may show some movement. Shipping and related segment seems to be positive in manufacturing or service segment.

Many segments are active, but due to various local and geo-political reasons, market is bit suspicious and showing lazy movements.

Petroleum and crude may show some movements. Engineering, electrical, electronics, spirit and alcohol, with sugar, textiles, paper industries may also be active.

I feel that market may look for the recovery from lower levels and we may see some changes after 13:38 Hrs (IST).

Keep an eye on political issues and announcements in coming days.

Indian Currency

Indian Rupee may trade in between 64.60 to 65.30 per USD.

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