Nifty Prediction : Market looking better due to foreign trades | Volatility possible
Daily Forecast – Share Market – November 15th, 2019
Market looking better due to foreign trades | Volatility possible
Mars, Venus and Jupiter are leading the day, with support of Rahu, Ketu and Mercury retrograde. Impact of foreign events and related issues will be important for the market along with local issues, currency etc. Currency may get some strength in comparison of previous day. Local political situation may look bit tricky, and partners of the central government are also looking bit desperate. So, chances of new amalgamation or reunion are still running. Clear situation may be seen after 22-11-2019.
Rahu-Ketu are and will be active for some more time, so ups and downs, swings, or volatile movements can be seen in this period. Mercury is wobbling; impact is visible in the market.
Market is looking for positive movements, even though consumption story of the market is not good, growth rate of economy is sliding down, but share market is holding its levels. May be because of dropping in bank rate of interest and a common man is looking for better returns of their savings.
Important point is that still a common man can save some money. If same position goes on, will a common man be able to save enough money? Steps to improve productivity, consumption of manpower etc. are essential. If we say that global slowdown is on, then this is also applicable of Bangladesh also. But Bangladesh economy is rising. It means, some political steps will be key. These steps should not be for the keeping an eye on share market, but for the sake of generating new industrial gains in SMEs and small areas. We must see, why areas like communication has bankrupted two groups in few years gap.
Similarly, faulty way of business by Builders (crossing their own capacities), and no check by appropriate authorities (whatever may be the reasons), has spoiled that sector also. Which had badly affected common man, whose money was blocked, influencing their purchasing power. Now, losing jobs in real estate, then affecting buyers pocket. Still, our share market is growing, How? Is their any bubble or we mean growth f business based on share market?
Global cues will be important for the trade and I feel that market may show upwards movements.
Banks, financial institutions have displayed enough runups, insurance is still fine. Automobile and related sectors will be an area to keep a close watch.
Action can be seen in automobile, breweries, with pressure in communication etc. Leather, textiles will be other areas to watch with care. Infrastructure is close to kick-off. Crude is holding its position which may give some impact on Petroleum marketing industry but can be fine with petroleum explorer and refiners. Rubber, chemicals, cotton, silk, communication instruments, entertainment instruments may remain active.
Nifty may look for 11950.
Indian Rupee may trade in between 71.30 to 72.30 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