Daily Forecast – Share Market – November 2nd, 2023

Nifty may show Gap-up opening | Look for Opportunities

Jupiter, Mars with Rahu are leading the day, well supported by Sun, Mercury and Venus. Importantly only Moon is not involved during the day, whereas entire horoscope is active. Remember, today is weekly expiry. Because of global indications recovery from lower levels may be seen. Market may recover above 19100 of Nifty values.

Rise after Lunar eclipse is due, so recovery is also possible.

Crude is still under pressure, may remain around 85 USD.

US market is indicating controlling of Inflation. They have not increased any rate of interest. Possibly Nifty may try to cross hurdle of the levels (this period). But wait and watch before going for long. It will be better to go for a strict stop-loss above 19200. Gap-up will not be a surprise.

Look for opportunities and use strict stop-loss.

Areas like automobile, automobile tyres, oil marketing companies with lubricants related segments, textile, leather, watch banks and financial institutions, IT may remain normal, logistics, edible, confectionaries, FMCG, chemicals, consumer goods, insurance, shipping related, non-traditional and surprising moves possible.

Nifty may open with Gap-up (Chances). Recovery from lower levels. Nifty may look above 19150 or above.

Indian Currency

Indian Rupee may trade in between 82.70 to 83.50 per USD.

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