Nifty Prediction : Recovery from Lower levels Possible | Waves Possible

Daily Forecast – Share Market – November 2nd, 2020

Recovery from Lower levels Possible | Waves Possible

Sun, Mars and Mercury (Rx) are leading the day with Rahu and Moon. Lord of the share market is slowing down speed for us, because is on the curve, close to start transiting direct. Tomorrow night will be changing direction of transit of lord of share market.

This week will face/enjoy global Political and local Political event (importantly). US Presidential poll will be on 03-11-2020, when Mercury will start Transiting direct, this will be important for the election. In Bihar – two days for Polling, this will be local political event. In neighbouring countries also, we may see any sort of Political event or some other sort of events. It will be better – be watchful.

Planetary position indicating that market may show recovery from lower levels. But due to conjunction of Rahu and Moon, some confusion may happen (just a chance), or volatility or spike is also possible, because Moon and Rahu are capable of giving high waves.

Crude may show dip. UK has also announced shut down of non-essential/important organization. Europe has started facing lockdown or likewise announcement by their respective government, because of return of COVID 19. Keep a watch.

Movements in Banks, automobile, two-wheeler, automobile ancillary, alcohol, healthcare, sea related products, even sea food, IT, communication, logistics, e-commerce etc. can be seen. Cement, Infrastructure, building related, metal, electronic and electricals may be looking for a move.

Foreign cues, FIIs etc. may be playing important role during the week.

Positive movement possible for the day. Still, keep a close watch, because lord of share market is ready to change its direction of transit.

Indian Currency

Indian Rupee may trade in between 74.30 to 74.90 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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