Daily Forecast – Share Market – November 6th, 2023

Global cues may remain positive | Nifty may look for 19350 or so

Jupiter with Mars leads the day, well supported by Sun, Venus, Mercury, Rahu and Ketu. Lord of foreign lands is very close to totally combustion. Indicating that – since the lord in trouble or afflicted then trouble to can be increased in the foreign lands, which may affect directly or indirectly on the world (chances are there).

But as it was mentioned in my post before the Lunar eclipse that market may give better movements after eclipse for the fortnight. Similarly, market is rising despite of global issues. China is in not a good position, Europe is also not comfortable (economic issues or heading for economic recession like situation). Our situation may be clear after May 2024 (General election).

Nifty may try to breach the important levels and look for upper side. Possibly may give gap-up opening. Important levels on upper side may be breached for a while. It will be better to wait and watch till the last hour of the market session. Then look for the advantage. Nifty may show +150 points or better to say, because all the planets are supportive, so movements may show above or around 150 points of Nifty or may show 0.75% advantage (gains).

Watch key segments of the market, like banks, IT, aviation, communication, communication instruments, infrastructure, laboratories, defence, power, reality, insurance, sea related, oil marketing companies, watch FIIs and DIIs, other financial institutions, chemicals etc. or better to say, many segments may be moving in better ways.

India is once again in election mode and after that again from February 2024, election mode will be on.

Gap-up opening possible. Rahu-Ketu may give some Ups and downs.

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.