Daily Forecast – Share Market – November 2nd, 2021

Bank Nifty look better | Buy on dips | Nifty may look for 18075 or so

Rahu with Moon, Sun is leading and well supported by Mars, Ketu, and Saturn. Indications are clear that market may show movements, but with possibility of restrictions on the upper levels and also at lower levels. That means, market may little bit of volatility.

Global cues are better, I hope FIIs may also be active and may give some support to the market. Reasons are – advantage from foreign institution and practically, they had sold out a lot in past, so chances of buying are better. I will also look for opportunities in Bank index (Nifty)

Communication may also remain active during the day. Keep a watch on automobile.

Because of festive season, market’s last working day will be on tomorrow and 04-11-2021 as Muhurt trading only. Trade accordingly.

Remember, to look opportunities at lower rates. Avail advantage, before bulls take the grip of market. I may look forward in many areas as they have shown selling/trimming/profit booking on upper levels, like defence, some automobile, banks (nifty), and many more.

Activities may be seen in the areas like space, communication system, communication instruments, chips manufacturing, electrical vehicles manufacturer, batteries, lithium batteries, chemicals, communication, automobile, automobile tyres, paints and many more segments like FMCG, garments textiles, cotton and silk also.

Many more segments may be showing movements.

Keep a watch on Bank Nifty and trade to buy at lower levels.

Indian Currency

Indian Rupee may trade in between 74.60 to 75.40 per USD.

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