Daily Forecast – Share Market – November 12th, 2021

Indications positive | Volatility also not surprising

Rahu with Mars is leading, well supported by Jupiter, Saturn, Moon, Sun and Ketu. Foreign cues and FIIs are important, regular sell by them are cause of concern for the market. Geo-political situation is bit complicated. Pressure on INR is also possible. Lord of banks and share market is heading towards Sun, for combustion (just three Navmansha away from Sun). Indicating banks may not be supporting. Keep a watch on banking and financial institutions especially FIIs.

Rahu Ketu may give volatility again. Although market may show some positive moves. Jupiter is close to changing its sign and house. Indicting some “Hulchul” globally in coming period also.

Geo-conditions may give some support to the market, but situation may take some time to give better support to move ahead of 18050 of Nifty. Wait to cross this level. Banks are bit critical.

Market is responding to quarterly results and selling by FIIs. Banks are also not supportive. IT has achieved peak for a while. Or I can say for while preparing for next move in coming days.

Although some positive moves can be seen during the day. It will be better to trade with care.

Non-traditional, textiles, alcohol, sugar and by products of sugar like ethanol etc. communication instruments and many more like this area, EVs and paints, petroleum based products with carbon black, leaf-based, metals like gold and related areas, defence, leather, Pharmaceuticals etc. may show some action.

Moves may remain positive, may look for 17975 or so. Trade with strict stop loss, Volatility at any moment not surprising.

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.