Nifty Prediction : Market looking for Gap up | Profit booking Possible Upper levels
Daily Forecast – Share Market – November 10th, 2020
Market looking for Gap up | Profit booking Possible Upper levels
Mars, Sun with Mercury will be leading the day, with support of Jupiter, Venus and Moon. Global indications are important for the day at least for the opening of the day. Global cues and pharmaceutical related news may give positive move in the market. Indications for Gap up opening.
News from pharmaceutical and geo-political and local political news may be influencing the market. Local market has digested news of exit poll of Bihar elections, still may play some role during the day.
Metal, petroleum, Pharmaceuticals, chemicals, drugs, infrastructure, building and materials, automobile with many more segments may be showing movements. Logistics, communication automobile tyres, Petroleum based products may remain active with IT, e-commerce, entertainment.
Possibly “Bahati ganga me sab snan kar lenge”, Jupiter is close to change its sign on 20-11-2020. I believe after this date more concrete news related with Medicine for Pandemic may be seen. But neighbouring areas will be activated (India’s Boarder area).
There is not much to write, because possibility of strong positive wind can be seen for new levels of Nifty and Nifty banks etc.
Indian Rupee may trade in between 73.40 to 74.30 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