Nifty Prediction : Nifty may look for 18100 or so | Nifty buy on dips

Daily Forecast – Share Market – November 4th, 2022

Nifty may look for 18100 or so | Week foreign cues | Nifty buy on dips

Rahu, Jupiter with Mars are leading the day, well supported by Venus and Saturn. Impact of foreign cues are not good, but results of local market are trying to hold the levels. Lazy start on the day. Today is last working day of the week. Jupiter is also active but with the slow speed.

Cash market is doing better. It will be better to say, that market is waiting for the cues or direction. Rahu is strong, so again market may wait for the direction. After 09-11-2022, we may see some direction in the market.

It will be better to buy on dips for nifty (for a while). Market is in better mood, despite of waiting for the direction.

Currency is holding levels; crude is also holding levels. Banks are witing for the direction, possibly dip on upper levels and buying at lower will be seen.

Bank nifty is waiting for the direction from Giant PSU bank.

Areas for the new segments like space, defence, aviation related to defence, banks, financial institutions, metals, power, non-traditional segments, alcohol, spirit, glycol, alcohol, storage containers (keep watch), automobile tyres, logistics, chemicals, batteries, lithium batteries, communication etc. may remain active. It will be better to keep watch on technologies (IT) and related areas.

Companies’ results will be giving impact on the market. Nifty may look for 18100 or so despite of week global cues.

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.

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