Daily Forecast – Share Market – November 11th, 2022

Buy on dips | After Gap-up opening – wait then move

Mars with Jupiter is leading the day, well supported by Rahu, Venus and Saturn. Wave – or better to say that high fly can be seen because of Jupiter/Mars (Intensity) and Venus/Rahu combination. Although Venus is ready to move in Scorpio sign. Venus and Rahu indicates “Hawa-Hawai” type of situation – normally this gives a dream type of situation, or at times like day dreams also. But Mars/Guru is giving obsession with strength. This can be positive or at times may give low feel also.

Global cues are very strong. Local cues may be ignored because of the foreign cues. Secondly during this period INR has again showing strength against USD, possibly may show below INR 82 levels against USD is also possible.

Buy on dips will be good for the time.

Results may be again supportive for the day.

Automobile, automobile tyres, IT, aviation, defence, space, electronics related to defence, cable, power, renewable energy, various sources of energy, traditional and non-traditional energy, coal, transport/logistics, sea related segments including shipping and ports, logistics containers, chemicals, rubber, leaf and dairy products, coffee, FMCG etc. and many more segments in all the caps may be seen active.

Nifty may show a good gap-up opening. Possibly may try to break levels. Buy on dips (according to the trend of the market)

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.