Daily Forecast – Share Market – November 8th, 2019

Nifty 11935 to 12075 | Profit booking Possible

Jupiter, Venus with Saturn are controlling the day, with support of Mars, Ketu and Rahu. Market seems to be positive (basically). Foreign news and cues will be supporting or influencing the market. Market is looking positive opening. Again, barrier at upper levels can be seen. Market may look for profit bookings at upper levels in certain equities. Indexes may also face Profit booking on upper levels.

Practically, planets in the house of banks, financial institutions, petroleum, sea related areas, research and development, share market, ups and downs etc. are active highly. At the same time cabinet, partnership (professional/political/companies’ collaboration) etc. are also activated.

Currency may feel some pressure.

Shipping, Textiles, leather, sugar, agriculture produces. Infrastructure, cement, battery, automobile and ancillary with tyres may remain active. Areas like IT, communication, logistics and travel and tourism are waiting for some proper indications.

Nifty may have pressure on upper levels. Bank Nifty may also take some rest/trimming after runup.

Indian Currency

Indian Rupee may trade in between 70.80 to 71.80 per USD.

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