Daily Forecast – Share Market – November 15th, 2022

Nifty may show recovery | Wait for first hour then move

Saturn, Jupiter (Rx) with Mars is leading the day, well supported by Rahu and Venus. Remember, crude may remain under control. Saturn is indicating that according to past working of companies may give results to the market, at the same time foreign cues are also important.

Crude is slipped, because of expected fall in demand of crude in coming period. This means keep a watch on oil exploration companies.

Also keep a watch on automobile tyres, paints and other Petroleum products-based companies. That means logistics may also give better moves.

It will be better to wait after opening if market show stability above 90-100 points of nifty, then move in the market. Otherwise look for opportunities at lower levels.

Data are indicating that little bit of inflation coming down, whereas practically inflation is still active on upper side. Export has affected negatively due to some or other reasons, keep a watch on the same.

Areas like insurance, automobile tyres, automobile batteries, automobile ancillaries, textiles, leather, defence, power, energy, space, chemicals, metals, engineering, electronics, electricals, alcohol, fashion, spirit, jewellery, e-commerce and many more related to web based segments, pharmaceuticals, laboratories, and many more segments may remain active during the day.

Keep a watch for the first hour in the market, if market shows stability above 90-100 points only then move in for long other wise wait for the decent dip.

Indian Currency

Indian Rupee may trade in between 80.40 to 81.30 per USD.

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