Daily Forecast – Share Market – November 11th, 2021

Nifty within range not much movements | Buy on dips

Moon with Rahu is leading the day, well supported by Sun, Ketu, Mars, Jupiter and Saturn. Importantly, Rahu and Ketu are still giving some issues in the market, but I feel that market may show that market may gain show some buying. We may see “Tug of war” between “Bulls and bears”. Which may be interesting and possibly buying from lower levels.

Inflation is high, not only in India, but also Globally. Which may affect geo-trade conditions. Undoubtedly, this inflation will be a serious challenge for Global and local conditions. For which good economic policies will be required.

Bonds yields are active, and financial institutions are looking for profit booking.

Remember, market is roaming around 17900-18050. So, indications are that for the day commission and taxes may be more than the profit or supposed profit. So, trade wisely.

Buying from lower levels for the long term investors will be better.

IT, automobile and foreign cues, FIIs will be key for the day. E-commerce related companies are involved in the supporting game for the market. Result oriented movements can be seen in the coming period.

Pharmaceuticals and leather etc. with Textiles, cotton, communication instruments etc. will be better with logistics.

Trade with care. Long term investors look for opportunities at lower levels. Buying from lower levels.

Indian Currency

Indian Rupee may trade in between 74.00 to 74.80 per USD.

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