Daily Forecast – Share Market – November 9th, 2023

Avoid Longs | Calm opening possible | Nifty may look between 19400 -19500

Sun, Mars, with Jupiter are leading the day, well supported by Saturn, Venus and Ketu. Indications are clear that cues from foreign market and foreign other reasons may be influencing our market along with local issues. I must say that lord of foreign lands is close to total combustion (with range of 2 degrees +) and will be closing with Sun, this situation may give troubles in foreign lands or issues related to foreign lands may not be supportive. Because lord of foreign lands is afflicted and close to Daghd position.

Next week support of Lunar eclipse will be over. Only local and foreign issues will be playing key role in the market.

Nifty may try to look for another slow rise and show 19500. Market may move on the basis of results (qtly). Remember, little bit of trimming or Profit booking possible or someone may say calm day, with negative and positive movements.

China’s exports indicates that global demand may be under pressure, which can be an alarming situation for global markets including India.

Many segments may remain active. Keep a watch on midcaps and small caps. Banks under watch along with IT, both may give some movements (better side little bit). Keep a watch on financial institutions, leather, pharmaceuticals, travels, oil marketing companies and many more may give movements with Paper, textiles and related segments.

Nifty may show calm day. Keep a watch on crude and its demand. Crude is maintaining below 80 USD. Watch cashflow in the market local and foreign.

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.