Daily Forecast – Share Market – November 1st, 2022

Enjoy wave | Nifty planning for 18200 | Results of companies important

Rahu with Mars is leading the day, well supported by Moon, Saturn and Venus. Today, Moon is forming decent relationship with Sun, Mercury, Venus and in conjunction with Saturn. Indications for the market is good, possibly, may look for 18100 or so.

Crude is still maintaining its level, and INR is looking for 83 against USD. Banks, IT, automobile and defence are clearly giving support to the market and looking for recovering previous levels. Wave of Rahu can be seen in the market. Remember, Rahu can give sudden changes also in coming period (based on behavior of Rahu).

Gap-up possible.

Areas like defence, space, IT, communication, logistics, automobile tyres, textiles, leather, exports, fashion, power, alcohol, spirit, sugar, dairy products, leaf-based segments, banks and financial institutions, keep a watch on FIIs and DIIs (possibly they are supportive), engineering, electronics and electricals in new areas, and many more may be doing well. It will be better to say that many areas will be enjoying the wave of Rahu.

Nifty may plan for 18200 or so. Remember, Rahu has a tendency to deceive at any time.

Indian Currency

Indian Rupee may trade in between 82.20 to 83.00 per USD.

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