Nifty Prediction : Enjoy with stop-loss | Buying Opportunities Possible | Lazy movements possible

Daily Forecast – Share Market – November 11th, 2020

Enjoy with stop-loss | Buying Opportunities Possible | Lazy movements possible

Sun with Mars and Mercury is leading the day and well supported by Moon + Jupiter. Foreign cues may remain positive. Planetary position is not bad, but possibly market may trade with tiredness, but still some positive move can be seen. This is like one cyclist or marathon racer who take small ride or small run after giant rides or run, takes rest, and then prepares for next long ride.

Market is energized with support of foreign cues and local issues, as indicated by Mars and Venus.

Indications from local political situation may give impact on the market. Trend is on. In case any opportunity gives this market in the shape of dip, then buying will be better.

Dollar is losing its position which is helping other currencies to hold their own position.

Movements in banks, financial institutions, steel, metals, IT, entertainment, chemicals, Pharmaceuticals, laboratories, automobile may remain active, with infrastructure, building and many more.

Cement, building materials and tiles with other building related materials may remain active. Keep a watch for aluminium (may show some dip). Carbon black, petroleum products are still better. Keep a watch.

Trade with patience. Trade with stop-loss of 150 points for Nifty.

Indian Currency

Indian Rupee may trade in between 73.70 to 74.60 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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