Daily Forecast – Share Market – November 1st, 2021

Volatility Possible | Nifty may look for 17900 | Sell on rise possible

Wait N Watch then look for trade

Rahu, Mars, Sun are leading the day, well supported by Ketu, Venus, Moon and Saturn. Foreign cues will be playing important role. Lord of foreign lands is with the lord of leader of cabinet of India’s horoscope, indicating that foreign issues may be playing important role in coming period for the nation and market also. It will be better to keep a watch on the same.

Remember festive week, hence short working day. Only three days of working. One Muhurt trading on 04-11-2021.

Rahu is aggressively active, chances that market may open with positive note. At the same time Ketu is also active, indicating chances of Volatility. Market may show some moves, but after some time either selling from the upper levels or Volatility can be seen during the day. This is also possible that foreign cues may be supporting for a while.

FIIs may again play some important role.

Keep a watch on automobile segment. Issues related to production due to shortage of some electronic or IT related device.

Crude is still on the higher side and may further rise in coming days. Reports or indications from global market may be seen in coming days. Data from various market of globe will be seen in coming period. Volatility will not be surprising.

Interesting areas may be automobile, defence, alcohol, spirit, communication instruments, chips manufacturing, cotton, textiles, automobile tyres, petroleum exploration and health care, pharmaceuticals, power, infrastructure, reality and related segments like cement, paints and others, automobile ancillary, alternate energy (strong area for the coming period) and many more like chemicals etc.

Sell on rise and buy on dips can be seen, which may give volatility. Allow market to settle down. Do not enter in rising market.

Indian Currency

Indian Rupee may trade in between 74.60 to 75.30 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.