Daily Forecast – Share Market – November 17th, 2020

Nifty may look better | Trade for new levels (coming period)

Mercury with Mars and Sun are leading the day. This market is well supported by Jupiter and Rahu. Importantly, Sun has changed its sign and moved with Ketu, Jupiter will be changing its sign on 20-11-2020, and moving with Saturn. Hence, chances for remedies of Pandemic may be strong and give a support to the nation. Neighbouring areas will be cause of concern, because two major planets will be controlling neighbouring areas.

News related Vaccine, will be boon to the traders. Only point of concern for a while is storage system for the medicine of COVID, because they may need very cold environment for the medicine.

Nifty may look for 13000 in coming period. Positive movements during the day is possible after a festival period.

Automobile, automobile ancillary, communication, cement, infrastructure, power, building material, reality, cement, tiles, water storage tanks, IT, travels and metals will be interesting to watch.

Agriculture, fertilizer, Pharmaceuticals, leather, textiles and chemicals, with agro-based vehicles, may remain active with sugar, and alcohol, cotton, communication instruments, with entertainment instruments.

Market may look for positive movements, in between, possibility of some confusion can be seen.

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.