Nifty Prediction : Initial laziness Possible | Market seems comfortable

Daily Forecast – Share Market – November 18th, 2020

Initial laziness Possible | Market seems comfortable

Mars, Mercury with Sun are leading the day, and well supported by Jupiter, Rahu and Ketu/Venus. Global cues may be influencing local market, after a run up and touching new highs. Cues linked with COVID are also giving tough pressure on the market (globally). This may give dullness in the market, at least at the time of opening.

Planetary movements are supportive, only point of concern is that Jupiter is close to changing its sign and house, which may not allow this planet to give maximum to the market. Even then market looks to be positive during the day.

It will be better to keep a watch on Judiciary and announcements/decisions in coming period also. Activities in banks may also be influencing banks and financial institutions. I believe that banks may show betterment in coming period.

Keep a watch on Gold, Jewellery, crude etc. with automobile, automobile ancillary, IT, communication, entertainment, hotel and related segments may be doing better. Also keep a watch on IT, cement, Infrastructure, e-commerce, alcohol, wine, spirit, drugs, chemicals, Pharmaceuticals etc. may be doing better. Keep a watch on health care, shipping etc. also or better to say that sea related segments.

Trimming on upper levels not surprising. Market looks positive.

Indian Currency

Indian Rupee may trade in between 74.00 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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