Nifty Prediction : Nifty in the range of 11850 to 12050 | Traders look for opportunity

Daily Forecast – Share Market – November 13th, 2019

Nifty in the range of 11850 to 12050 | Traders look for opportunity

Jupiter, Ketu and Venus are leading the day with support of Mars, Rahu and Mercury (Rx). Jupiter in the same house was in 2007/08. Jupiter is in Sagittarius with Saturn and Ketu, basically, this should give good advantage, but the malefic impacts of Saturn and Rahu/Ketu axis may give some wrong deeds or cheating etc. It will be better – please be watchful while investing.

Banks have already displayed their issues, but still better to be watchful in some other financial institutions or which may affect Profitability etc.

Currency is getting some pressure and crude is well supported by its lord, hence is looking for 60$+ levels (or close to it).

Market is bit confused, due to local political situation, I agree that centre cabinet is strong, but may be a confusion in various states is developed. Which may give its impacts in coming days/period.

Opportunities at lower levels for the traders can be seen. They can book long on upper levels. Market seems to consolidate around the levels for getting direction in coming period. Global cues may be influencing this day again. Keep a close watch. Local political situation has silent impact for the time being. It will be better to be watchful.

Action can be seen in many segments, this may give movements in mid-caps, small caps along with large caps. Banks are waiting for consolidation or likewise situation. It’s a continuous runups for the banks and financial institutions, it will be better to be watchful for the coming period.

Insurance and shipping sectors are also one area, where action can be seen. Breweries, alcohol, chemicals, coal or minerals, pesticides, germs related, silk, cotton, defence and related areas, with companies involved in foreign trades or generating revenues from abroad.

Nifty may trade within 12050 to 11850.

Indian Currency

Indian Rupee may trade in between 71.00 to 72.00 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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