Daily Forecast – Share Market – November 3rd, 2020

Nifty may look for + 100 points | Waves also possible

Sun, Moon, Mars with Mercury are leading the day, with support of Rahu. Lord of share market and banks etc. is ready to change its direction of transit (Chaal badal kar siddha), lord of foreign lands is also transiting retrograde. Impact of foreign cues will be important for the coming period. Geo-political situation will be important in coming period. US is going for election today.

Planetary position wise, possibility of positive movements, but again we can see waves during the day. Lack of confidence and others. Still, market may show some movements, but keep a close watch on local political situation also.

Crude is not strong; this is because of return of COVID in EU. In India COVID cases are stable after a fall.

Keep a watch on FIIs, this is important. Now market may look for run of 100 points on upper side. This gives an indication for buying at lower levels. Only in case market dips in later part of the day, then I will like to pick at lower rates.

Keep a watch on Judiciary decision and keep an eye on announcement from government agencies.

Reality, infrastructure, automobile, two-wheelers, passenger vehicles and commercial may also be looking positive. Also keep a watch on automobile tyres, batteries, automobile ancillary, IT, logistics, spirit, alcohol, wine, metals, electrical and electronics, agro-related segments, with leaf-based segments and many more areas like chemicals, Petroleum etc.

I am positive for the day.

Indian Currency

Indian Rupee may trade in between 74.10 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.