Daily Forecast – Share Market – October 31st, 2019

Nifty may look for 11900 | Keep a watch in second half

Saturn, Venus, Rahu and Mercury are controlling the day with Mars. Mercury’s speed slowing down, because since late evening (IST) will start transiting retrograde. It will be better to note down the closing values of Bank nifty and Index like nifty will be back before 20-11-2019 or around this date. Chaal of the market may change for a while (after this retrograde of Jupiter) means from tomorrow. That means chaal from the closing (around closing time). Important event is still ahead on the morning of 05-11-2019, when before market will start, Jupiter will change its house and sign. This will be moving in own house. So, may protect petroleum, crude, sea related segments etc. in its tenure in the same house.

Basic indication for the market is for the positive movement. Mars is indicating that impact from foreign, market may give guide for better movements.

Leather, textiles, paper, engineering, electrical and electronics, breweries, alcohol, Banks, financial institutions, insurance, sea related segments, shipping or offshore, shipyard etc. may remain show some action.

Chances of crude in the coming period may start going stronger or petroleum segment may be showing strength.

Rubber based products; petroleum-based products may be feeling influenced. Solvents, chemicals etc. may feel influence of the same.

Time for intelligence agencies will be more active, which may influence related segments (products manufacturing) in coming period. Keep a close watch on banking areas or banks (issues from any bank may come – may be cooperative banks).

Market may look for upper levels. Trimming or profit booking on upper levels is expected in the due period.

Indian Currency

Indian Rupee may trade in between 70.40 to 71.40 per USD.

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