Daily Forecast – Share Market – November 17th, 2021

Consolidation possible | Stop-loss at 17900 (nifty) | Watch Macro of Market

Jupiter leads the day, well supported by Ketu, Rahu, Mars, Moon, Sun, Venus, and Saturn. Lunar eclipse is ahead, but on that day, market may not be having trading session. Indicting Volatility in the market will not be surprising. Otherwise, planetary position is not bad. Jupiter is ready to change its sign and house.

As mentioned in my previous post that market may look for 17900 (Nifty).

Remember, globally, COVID is still hitting in various areas including US, but market has started absorbing such issues (which may be point of concern in coming days).

Many companies are planning to reopen their offices since coming January (2022), this may be positive sign for the market in coming days. Possibly, work from home culture will be subsidised. Life may head for normalcy. This may be good indication for the market from April 2022.

On date market may trade with volatility mood. Or some pressure will not be surprising. Next week may be better for the market.

Lord of banks and share market is heading for combustion. It will be better to be watchful for banking shares or bank Index.

Seeds based (like coffee), leaf based, fashion related, cotton, e-commerce, e-payment, IT, defence, power, chemicals, sugar, alcohol, spirit, pharmaceuticals and banks at lower and better rates will be better for the coming period.

Coffee, FMCG, pharmaceuticals, insurance, health-care for coming period, research related segments, oil marketing and automobile (at better rates), automobile batteries and tyres, ancillaries (better rates) may remain interesting.

Look for opportunities for good equities at lower rates. Stop-loss at 17900 for Nifty will be better. Consolidation period possible.

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.