Daily Forecast – Share Market – November 17th, 2017

Nifty may look for Recovery | Mid-caps and small caps remain interesting

Rahu then Mercury are leading the day with support of Ketu, Mars, Moon and Jupiter. Indications are that six planets are active in command of Rahu and Mercury. That means, movement with intensity is possible. Possibly, Nifty may look for 10270 levels. Or in simple words, Nifty may look for recovery.

Banks, financial institutions, insurance, crude and petroleum, with IT, communication, travels and tours, logistics, entertainment etc. may be doing better. Action of Government agencies or Judiciary or government announcements may be influencing the market.

Alcohol based, sugar, FMCG, communication instruments, defence related segments or aviation manufacturing related issues or segments may be important for the day. I feel segments related for the manufacturing of defence products may be active.

Engineering, Vehicle, electronic home products and products based on petroleum may also be active.

Mid-caps and small-caps may also remain active. Overall mood may remain positive. Rahu may give either deceptive behaviour or intensity to move up.

Enjoy waves.

Indian Currency

Indian Rupee may trade in between 65.00 to 65.60 per USD.

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