Daily Forecast – Share Market – November 9th, 2018

Nifty trying to regain position | Trade with care | Equity wise better

Saturn with Mars leads the day, well supported by Sun, Ketu and Jupiter. Indications are that possibility of some profit bookings but again buying at lower rates, which may give positive movement. Nifty may look for 10700 in coming period. It will be better to keep an eye on foreign issues and trades. Such as, geo-political war and geo-trade war etc. In certain areas we may be benefited.

For a while INR has regained some of its ground, that may be influencing sentiments. Secondly, trimming of the market from upper levels was decent. Still, trimming possibility is expected.

Banks, financial institutions, textiles, paper, agriculture related equipment, Paint, building materials such as cement, ceramics, tiles and fittings etc. communication, petroleum, IT, media and communication instruments, cotton, silk, and engineering and electrical equipment manufacturing units.

It will be better to keep a close positive watch on infrastructure etc.

Indian Currency

Indian Rupee may trade in between 72.00 to 73.00 per USD.

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