Daily Forecast – Share Market – November 8th, 2023

Nifty may look for 19450 or so | Stop-loss 18350

Jupiter, Venus with Mars are leading the day, well supported by Sun and Ketu. Impact on crude oil – may remain around 80 USD, due to expected weak demand etc. Global cues may remain better, despite of totally combust Mars. Geo-political and tension war etc.

Economic crises ahead is not denied, means may be possible in coming time (chances).

Nifty/market may show some recovery from lower levels. Global cues related to the market may remain better. Local impacts may give some support to the market. Banks may show much action during the day. Result oriented day, so possible ups may be seen and if in any equity has shown runup then possible correction possible.

China is indicating global demand is weakening for a while. This may be one point of concern. Demand of crude is diminishing. So, at the moment, it seems crude may help us, then due to fall in demand (globally) may give impact on us.

Nifty may look for little bit recovery from lower levels with banks movements. Nifty may show 19450 or so. Stop-loss at 18350 will be better.

Market may show positive moves with ups and downs till the 13/15 days from 28-10-2023. So, plan or work accordingly.

Many segments may be showing their movements, automobile, automobile ancillary, oil marketing companies, lubricants marketing companies, paints, automobile tyres, banks, financial institutions, power, infrastructure, reality, logistics, transport, watch with care aviation, cement, tiles, and sanitary fittings, chemicals, communication instruments, behind the camera instruments, and many more may remain active like FMCG, fashion etc.

Trade with smile but keep a watch. Nifty may look for 19450 or so. Strict loss at 18350 important.

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.