Daily Forecast – Share Market – November 7th, 2024
Nifty may show buying from lower levels | Stoploss @ 24200
Watch Banks – important
Saturn with Moon, Mars, Rahu, Ketu, Jupiter, Venus and Sun are managing the day. Importantly, all the neech planets are active. Rahu and Ketu are ready to give volatility during the day.
US has declared their results for the Presidential elections. US market has responded return of Trump with Thumping jump. Especially, company like Tesla has guided the market. Possibly, this gave some direction to the market.
Our business community will be watchful for the coming time. Other areas of global market may not compliment this victory, because fear of some sanctions or other steps may give impact in the market (in 2025 – after holding the chair).
Indian market has already digested this victory (anticipation).
Saturn (Rx) has started slowing down its speed for us, so impact of Saturn can be lazily, but important. Judiciary decisions can give some important impact on the nation and market (indirectly) – watch. Indian market will be watching elections of Maharashtra.
Winning or losing may give impact in the market but strength of our own business and issues will give support to the business and trades.
Nifty may show some pressure on upper levels. Chances of buying from lower levels. But stoploss at 24200 will be better. Banks may support the market. Watch FIIs and other institutions.
Nifty may show pressure on upper levels but buying from lower levels possible.
Indian Rupee may trade in between 83.80 to 84.50 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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