Daily Forecast – Share Market – November 3rd, 2022

Nifty may test 18000 | Hazy market – watch with care | Results Oriented period

Strong Rahu with Mars is leading the day, well supported by Saturn and Venus. Foreign cues are important and news from local bank and agencies may be important for the day. This may also affect in coming period.

US market has slipped due to FED report and related to interest rate. This is due to inflation. US has robust Job market, which is very interesting. Since, how long US Fed will be hawkish or hawkish policy will be applicable. Astrologically, Rahu gives sudden changes and also for unknown reasons or non-traditional reasons.

Indian market is rising because of rising middle class population and aspiring population. That means savings in banks are increasing or DIIs are investing in the market.

The time has come – it will be better to be ready, but silent attitude for the market will be better. That means during fog – as we are using parking light and waiting silently for the move. Market is passing through Fogy or smoggy period. It will be better to wait for a day or till required time.

Keep a watch on banks and financial institutions.

Nifty may test 18000.

Segments – wait and watch. Keep a watch on defence, space, new aviation related segments, new segments – rising, it will be better to wait and watch, if any good stock at better level is available, then look for the opportunities.

Due to inflation economical brands are facing issues, because of financial issues of middle class and aspiring class.

Nifty may test 18000. It will be better to protect your funds. Drive with care during smog and foggy period of market. Use stoploss strictly.

Indian Currency

Indian Rupee may trade in between 82.00 to 82.80 per USD.

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