Nifty Prediction : Mix day Possible | Look for Opportunities either side
Daily Forecast – Share Market – November 11th, 2019
Mix day Possible | Look for Opportunities either side
Venus, Jupiter and Ketu are controlling the day with support of Rahu, Mars and Mercury. Lord of the bank and share market is in the shadow, just 1+ degrees away from Sun. Indications are not suitable for banks and share market. Whereas other planets may be supporting the market. That means chances of Profit bookings on upper levels. Tomorrow, this Mercury will be total combust, but our market will be closed. So, Opportunities at lower levels will be good.
Lord of cabinet and government is strengthening position of leader of cabinet. Still, decisions for the job creation and stability of industries (Large, SMEs and small) will be key. Which can give better direction to the market.
Foreign issues or cues will be important. Crude oil prices will be well protected by the lord of the house. Indication for the Mix day. Opening may be close to previous closing will not be surprising.
Market may be focused on Automobile and engineering areas. Impact of banks and financial institutions along with foreign cues can be seen during the day. Electronic devices manufacturing segments, communication instruments, silk, cotton and pesticides etc. related may remain active.
Petroleum and related segments may have some movements on either side. I will like to be watchful for automobile tyres, paints or lubricants-based products. Chemicals with Jewellery may be doing better.
I believe market is preparing for next levels. Mercury will be crossing Sun on tomorrow, after that situation of the trade may be bit different.
Gold may face some pressure.
Indian Rupee may trade in between 70.60 to 71.60 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market