Nifty Prediction : Nifty may show some trimming | Impact may be seen in coming period

Daily Forecast – Share Market – November 10th, 2022

Nifty may show some trimming | Impact may be seen in coming period

Jupiter (Rx) with Mars (Rx) leads the day, well supported by Moon, Rahu, Saturn and Venus. Lord of share market is trying to come out of total combustion, but still maintaining the same position. Remember impact of Lunar eclipse was in the house of foreign lands, and affecting lord of share market, lord of land of India, ministry, legislative, neighbouring areas/nations, hence we faced impact on Global share market, impact on our market also, earth quake in neighbouring nation (Nepal) and affecting our nation also.

Impact is again trimming on indexes, equities, and market. Nifty may try to show impact of foreign cues, quarterly results and WEEKLY EXPIRY.

China’s wholesale Production Index has decline, increasing unemployment data in US, India is also facing impact in IT segment, inflation is also on the higher side, above 8% in US (expected) despite of increasing Repo rates etc.

Global impacts are not supporting, which may give impact on our market also, trade accordingly.

Positive point is USD is maintaining below 82 against USD. Crude is also around 90 or 93 USD. Energy is important for the day. Coming period for food and energy is again bit tough (globally). Nations must take care for the above areas.

Alternate energy, energy, banks, keep a watch on FIIs and DIIs, financial institutions, oil marketing companies, pharma (keep a watch), power, IT (keep a watch and look for economical rates), defence, space, entertainment, keep a watch on education related, sports and chemicals, dairy products, logistics, chemicals, rubbers, wait for better rates in automobile tyres and batteries, cement, infrastructure, textiles, sugar, leather and many more may remain active in either side.

Keep a watch with care, nifty may show some trimming.

Indian Currency

Indian Rupee may trade in between 81.00 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.

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