Nifty Prediction : Tiredness possible | Opportunity Possible | Nifty may prepare for levels

Daily Forecast – Share Market – November 12th, 2020

Tiredness possible | Opportunity Possible | Nifty may prepare for levels

Mercury, Sun and Mars (Rx) are leading the day with support of Moon, Rahu and Jupiter. Foreign cues are influencing, share market clearly from past many days, resulting our market enjoyed good race, not only foreign cues, but second quarterly results, which were better than the past year also (for many companies/segments), so race was better than foreign market also.

Now, time has come to take some rest, enjoy volatility also in local market. This rest may give some profit booking, but news from government may play important role also. Weekly expiry may show little bit of profit booking.

Textiles, automobile, Banks, metals, spirit, wine, alcohol, chemicals, leaf-based segments may be doing or showing activities. Currency may show some loss of value. FIIs are playing important role for the long term role. Indicating that market may look for further movements and may try for Next level mark of 13000 in coming period.

I will look forward for Pharmaceuticals, IT, cement, automobile – two wheeler, building and real estate related areas may also be showing movements. Communication, travels and tourism may be looking to gear up.

In case of dip, enjoy opportunity of buying but good equities only.

Indian Currency

Indian Rupee     may trade in between 73.90 to 74.80 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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