Daily Forecast – Share Market – November 16th, 2018

Nifty may look for 10700 | Sudden wave or Volatility possible

Mars with Saturn is leading the day and well supported by Sun, Mercury, Jupiter, Ketu and Rahu. Market may show up side in the opening or may like to look for 10700, after 11:44 Hrs (IST, chances of volatility or sudden swing on either side is possible. Venus will be direct in the evening (after working hours) and Mercury will start transiting retrograde on 17-11-2018 morning. It will be better to note down the closing values of Nifty and bank nifty, we may see around same values around 20 days later. Sun will also be changing its sign after closing hours. Hence, planetary movements will be much after closing hours. Hence, be watchful during closing hour.

Movement may not be much during the session, but sudden movements may drag to any side this market. Importance of Political movements/issues, or geo-political or crude etc. can be seen during the day. Crude may be another positive reason for a while.

Infrastructure, products based on petrochemicals, petroleum based, rubber, cotton, textiles, paper, sugar (may get some pressure), government or judiciary decision will be important in coming period. Government’s position may improve after around a month. Criticism will be part of this government for a while. Which may directly or indirectly affect the market.

It will be better to be watchful for closing hours.

Indian Currency

Indian Rupee may trade in between 71.40 to 72.40 per USD.

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