Daily Forecast – Share Market – November 5th, 2020

Gap Up is Possible | Profit booking Possible | Volatility Possible

Rahu, Mars (Rx), Sun with Mercury are leading the day, well supported by Moon. Indications are that Market may show swing for upward direction, but geo-political situation is important, that’s why market is showing movements on the upper side. Crude is also swelling at the same time. Importantly, Rahu can give upward movements but at the same time capable of giving ups and down also. Volatility not surprising

Time has come to go with the movements of the market. This market may give “Kabhi Khushi Kabhi Gum” but mainly Khushi. Book profit on the upper levels. Chances after Gap-up opening may give sudden profit bookings possible.

Still chances will be better than the previous working day.

IT, communication, logistics and Entertainment may be doing better. Keep a watch, if available at better rates, then go for the same. Important is good companies will be better for long term. Investors can buy on various ranges.

I am looking positive for Automobile, building materials, automobile tyres, cements, spirit, alcohol, wine, sugar by-products, leaf-based segments, metals, Banks and financial institutions etc. with defence related segments may remain active. Keep a watch on FIIs, DIIs etc.

Currency may see little bit positive for INR.

Indian Currency

Indian Rupee     may trade in between 73.60 to 74.50 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.