Daily Forecast – Share Market – November 4th, 2021

Muhurt trading remain decent with some range also

Rahu with Mars is leading the day, well supported by Saturn, Sun, Moon and Ketu. Influence of other than local issues can be seen importantly. Impact of foreign issues may remain guiding force for the Muhurt trading session of one hour.

In fact, Cues from US is better, but I am still suspicious for China, because of their astrological reasons – pressure related to economical issues may force them to take some strong steps, which may hurt sentiments of the industries and for while to global market also. Shortage of some important commodities may give opportunities to other nations for improving their market and production standards for the same commodities and others. Especially like chips, lithium batteries and solar etc. along with alternate energy.

I will prefer to trade for defence, banks, EV related segments, Pharmaceuticals and IT with communication, considering for the period related to work from home system may continue for some more time.

Power and infrastructure may also show some growth with quality reality sector.

Remember from 2003 to 2007, growth of the market was 5.5, whereas from 2017 to till now growth is around 2.5%, whereas GDP and economy is stronger than that period. So, chances of growing more percentage wise for market will be better.

Nifty may be within range of 18000 to 17850

Indian Currency

Indian Rupee may trade in between 74.20 to 75.00 per USD.

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