Daily Forecast – Share Market – November 7th, 2022

Market may show positive Opening | Nifty may look for 18275

Jupiter, Rahu with Mars are leading the day, well supported by Saturn, Ketu and Venus. Indications for the market are good, many segments directly and indirectly may remain active. Foreign cues are important for the movements in the market, but Rahu will also be playing its role to give sudden moves.

Remember, lord of the banks and financial institutions is heading for total combustion. That means in coming period some issues may come to disturb the sentiments of the market. Tomorrow will be Lunar eclipse, part of India will be watching this eclipse. Or it will be better to say that at the time of Moon rise in many Indian area, this eclipse will be at the last view.

This eclipse will may be affecting lord of share market and lord of banks etc. Because this lord will be in the 1 degree distance from Sun, so this may affect the market in coming period.

Tomorrow will be no working in the market.

Currency may show some improvements. Today and possibly Nifty may look for 18275 or so. Or may also show some better moves. It will be better to be watchful at the time of closing, because tomorrow will be holiday for our market.

Results of various companies are also affecting the market.

Bakery, fashion related, automobile, banks and financial institutions, power, electric and electronics, leather, textiles, sugar, alcohol, non-traditional segments, engineering, defence – for long also, cement, communication instruments, cotton, chemicals, and many more like IT etc. may show movements. Movements are better for the day.

Nifty may look for 18275 or so. Tomorrow will be Lunar eclipse and market will have holiday. Trade accordingly. Keep a watch on foreign cues/activities.

Indian Currency

Indian Rupee may trade in between 81.50 to 82.30 per USD.

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