Daily Forecast – Share Market – November 3rd, 2023

Nifty may show + 150 points or so | Allow market to settle | Stop-loss Imp.

Jupiter with Mars is leading the day, well supported by Sun, Venus, Rahu and Ketu. Importanlty, Venus has moved in its Neech (debilitated sign) rashi with Rahu and giving aspect on the house of gains of horoscope of India. Indications are for again that Rousey image can be seen but it will be better to be watchful with illusions from the market.

From tomorrow Saturn will start transiting directly, so from next week we may see changes in the movements of the market.

It is our money and we must get the best investment or from trades. Market may again show 100 points from the previous closing with the stop-loss. Nifty may show sell on upper levels (a chance).

Global cues may remain supportive, we may see again gap-up opening on the last working day of the week. Allow market to be stable around +150 points and then move ahead, otherwise stop-loss will help. Watch FIIs movements.

Sea based segments like petroleum oil marketing companies, automobile tyres, automobile, EV related, cement, paints, infrastructure, power, automobile ancillaries, insurance, chemicals, electrical and electronics, cotton, alcohol, non-traditional segments, communication instruments, and others may remain active.

Nifty may show gap-up opening and look for 19275 or so. Allow this market to be stable around this levels before going for investments. Otherwise, day wise trades will be better. Because Planetary movement (Saturn) is ahead.

Indian Currency

Indian Rupee may trade in between 82.60 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.