Daily Forecast – Share Market – November 16th, 2021

Planetary position changing | Nifty range of 18200 to 17950

Jupiter is leading the day, well supported by Rahu, Mars, Moon, Sun, Mercury and Saturn. Indications re clear that entire horoscope is active. Sun is close to change its sign and house, ready to move with Ketu or better to say move in the axis of Rahu/Ketu. Lunar eclipse is close (partial) but planets will be active. Mercury is heading for combustion in few days. Geo-political situation is bit tricky, at the same time foreign cues are also indicating accordingly.

I agree that on date planetary position is for active horoscope – or better to say that all the segments may remain active. Possibly mid-caps may remain better. Even then market may remain in the range bound trade. May look for 18200 or so but stop-loss for 17900 will be better for the day or in coming period.

Activities in agriculture and related automobile, petroleum-based segments, keep a watch on banking sector and bank index. Automobile like HCVs may be doing better. IT, communication and e-commerce is still better, although these segments have moved to much. If few companies will be libelled in the category of over soled, should not be surprising.

Keep a watch on non-traditional trades, companies, travel and tourism related, laboratories, Pharmaceuticals etc, with insurance and many more will remain active. Sugar, and related areas like alcohol and agriculture related areas.

Trade wisely. Nifty may look for 18200 but may trade within range like previous working day.

Indian Currency

Indian Rupee may trade in between 73.80 to 74.70 per USD.

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