Nifty Prediction : Opening pressure Possible | Nifty may try to hold 11850 to 11950

Daily Forecast – Share Market – November 6th, 2019

Opening pressure Possible | Nifty may try to hold 11850 to 11950

Rahu with Venus is controlling the day and well supported by Saturn, Mars, Ketu and Jupiter. Rahu is enjoying power. Indicating that chances of again a wave possible. Nifty may try to regain values, but profit booking at any levels is possible. Or I can say, combination of Rahu-Ketu is always confusing. Traders may look for some news from foreign, because they know that local issues are unable to give positive news or breakout.

Pressure on the upper levels or opening possible.

Local issues are based on quarterly results, not on the basis of their consumption, discounts, or demand in the market for the product. Since, job data in our own nation is weak/negative, then how could we think of growth on our own in the market. IT company has also indicated for reducing their manpower. Key area where maximum technical persons were/are absorbed. Reason is – we are based on outside market. In crude terms it’s a job work.

Companies have to come forward and move in working on developing their own products or own areas. Research work must be encouraged by the government. Farming area is reducing, so we have to look forward for other common man. If a man is going for suicide, is government announcing subsidy or other waver of loans or announcing government job for the family. We must go in depth of the same.

As Jupiter has moved in the Sagittarius, crude oil has started moving up. Since, connected with Rahu and Ketu, this may give time to time volatility. Or due to supply reason, crude may not be able to enjoy advantage of Jupiter in the house.

Textiles, healthcare, Pharmaceuticals, leather, engineering and segments involved in likewise activities may remain active during the day. Action can be seen in IT, communication, entertainment, banks, spirit, alcohol, breweries, sugar, agriculture, agriculture produces, natural resources related segments, chemicals etc.

Indian Currency

Indian Rupee may trade in between 70.30 to 71.30 per USD.

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

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