Daily Forecast – Share Market – November 7th, 2019

Nifty trade 11940 to 12050 | Movements in mid-caps also

Jupiter with Venus is controlling the day, well supported by Rahu, Ketu, Saturn and Mars. Mercury is on the verge of going back to Libra sign. Indicating that market may try to move ahead for a while. Possibility of profit booking on upper levels possible.

Issues related to national unrest and others will also be important for the nation but may not give impact on the trade. Issues related to import, foreign cues and other international issues may give impact on the market. Local issues are based on only quarterly results, but not based on the demand, supply and company’s internal restructuring.

Long term investors must not react to the intraday trader’s behaviour, because both are different ways of earning from share market. One is based on the news of the day, and long-term investment is based on various aspects of the company. News is one of them. Yes, any strong news will certainly important, but will be raise alarm for investment or liquidating.

Market will/may react on various issues like RECP or others. Which may give long-term impact on the market. That means will indicate for immediate and long-term traders can react on such issues.

Crude is protected by its lord Jupiter, slowly and gradually. Similarly, ocean/sea and insurance related sectors will also be gaining advantage. Trade or invest accordingly at better levels.

Market may move ahead. I agree that on upper levels again profit bookings can be seen.

Sudden waves or ups and downs can be part of the day.

Nifty may trade in between 12050 to 11950. It seems that market may give some opportunities on dip to buy. Book profits on upper levels for a while (intraday traders). Long term traders can look for opportunity.

Movements in infrastructure, banks, financial institutions, insurance, petroleum related segments, automobile, IT, communication, entertainment, building materials (cement, tiles, ceramics, paints and others). Spirit, alcohol, cotton, entertainment and communication instruments, engineering, electronics, leather, textiles, paper and related segments may remain active. Companies involved in shipping, sea-related activities etc. may remain active. Time to involve in research and development based activities – companies and government must try to do something new, so that next dimension of the market can be set. Jupiter will help the nation (if we will be involving in research and development – in true terms).

Indian Currency

Indian Rupee may trade in between 70.50 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.