Daily Forecast – Share Market – November 9th, 2022

Nifty may look for 18350 or so | Wait to settle down opening

Jupiter with Mars is leading the day, well supported by Sun, Saturn, Rahu and Venus. Foreign cues will be important along with the controlled prices of crude oil. At the same time currency (INR) may also remain below 82 against USD.

Remember, lord of the bank and share market is trying to come out of total combustion, but impact may continue for few more days.

Indications after Lunar eclipse is supposed to be decent for the opening of the day. Jupiter and Rahu indicates some wave at the time of opening is possible. Remember, when there is a wave, it is better to watch the wave and allow to settle down. Only strong professionals can move with the wave or may swing with the wave, normal or casual traders can wait for the settling down the wave.

Nifty may look for 18350 or so or may be 1% movement.

IT, communication, logistics, entertainment, web based or e-based segments, defence, sea related, research related, insurance related, laboratory, leaf-based, dairy, chemicals, drugs (pharma), healthcare, power, batteries, automobile, shipping, space, defence, defence related aerospace, textiles, leather, sugar, agriculture, non-traditional segments, and many more may remain active during the day including banks and financial institutions.

Keep watch on Mid-caps and small caps also. Nifty may show trimming on upper levels also.

Indian Currency

Indian Rupee may trade in between 81.20 to 82.00 per USD.

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