Nifty Prediction : Nifty range of 17750 to 17950 |Allow market to set

Daily Forecast – Share Market – November 3rd, 2021

Nifty range of 17750 to 17950 |Allow market to set

Mars with Rahu is leading the day with support of Moon, Saturn, Sun, and Ketu. Today is last working day before Muhurt trading. Today is last working day for the week, hence weekly expiry will give its impact on the market. Practically last working day of the week.

Foreign cues are important for the day, as well local issues will also be playing important role. Market may show some upper moves from lower levels. Market is believing that US may give some positive news from the market.

Requirement of COVID vaccines have changed the fortune of Pharmaceutical companies in US and other parts of Globe.

FIIs may book profit around 18000 of Nifty, which may give impact on the market, same issue gave impact on previous working day. Banks nifty may be holding the key for the day. That means SBI may also be playing key role for Bank Nifty and market also.

Communication and IT, with Pharmaceuticals will be important factor apart from FIIs and other foreign issues. Deceptive indications are clear. Wait for the settling down the market and start trading after 09:52 Hrs (IST) or so. When we may start getting indications from FIIs and other foreign indicators also. Defence and space are important for the coming period. For real long investments, defence and space will be very important.

Infrastructure, power, defence and IT – that means companies like L&T will be key for coming period. Electrical Vehicle and related components will be doing better in coming period, I will prefer to keep a watch on companies like Tata Motors and other EV players with Gabriel (for ancillary), Lithium battery manufacturer with Chip manufacturing units will be better.

Range of Nifty from 17750 to 18950 will be important for the market.

Indian Currency

Indian Rupee may trade in between 74.30 to 75.10 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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