Nifty Prediction : Nifty may face some Pressure | Look for Opportunities

Daily Forecast – Share Market – November 10th, 2021

Nifty may face some Pressure | Look for Opportunities

Rahu and Sun are leading the day, with support of Ketu, Saturn, Sun and Jupiter. Global cues may not be comfortable for a while, possibly due to inflation (global) and crude oil prices. Keep a watch on FIIs, which may further give tough time to local market for the running period.

Nifty may have some pressure and may look for 17950 or so. Period for IPOs are also running, so liquidity may influence this market. I believe some consolidation and profit bookings possible on the upper levels or due to some or other reasons.

Volatility is expected.

Rising prices of crude and related areas, may hurt gas marketing companies. Keep a watch on Financial institutions.

South Korea may also show some issues related to debts or loans etc. for common man, which may hurt sentiments of market in coming days. Neighbouring markets may also face some issues due to banks loans and others.

I will prefer to trade with care for a while and look for good opportunities for nice shares and companies or better to say for result oriented companies.

Areas wise movements in almost all the segments can be seen on either side. It will be better to say look for Opportunities at the lower levels. Today is penultimate day for weekly expiry.

Market may open with a dip. Market may show some tough period within short period from that level.

Indian Currency

Indian Rupee may trade in between 73.80 to 74.60 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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