Nifty Prediction : Trade with care | Look for Opportunities | Pressure/Volatility Possible

Daily Forecast – Share Market – November 13th, 2020

Trade with care | Look for Opportunities | Pressure/Volatility Possible

Mars with Mercury and Sun is leading the day, well supported by Rahu and Jupiter. Foreign house lord Mars is slowing down its speed, because is on the curve and ready to change its chaal (start transiting direct from 14-11-2020). Foreign cues may be pressurizing our market, although local issues are not much influencing the market. In our market Rahu may give volatility or again profit booking. Rahu and Venus may behave like each other, I believe that Venus may behave like Rahu.

Rebound of COVID cases globally is hurting geo-trading sentiments and market is now under pressure after a run. Second impact may be geo-political or better to say US political situation.

But this does not mean that market is not has strength to move up. Month to month gains in the demand and economy is seen. Secondly, government moves to give some direct or indirect support to the business/farmers etc.

I feel that opportunities at lower levels may be seen after profit bookings at least for short term basis. Insurance, Jewellery, automobile, reality, infrastructure, banks, and financial institutions, alcohol, spirit, sugar, textiles, and many more are ready to fire in coming period. Look for opportunity.

IT, communication, entertainment, research and laboratories, Pharmaceuticals can be hot cake in coming period. Trade with care also.

Indian Currency

Indian Rupee may trade in between 74.00 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.

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