Daily Forecast – Share Market – November 11th, 2024
Nifty may show buying at lower | Nifty may test 24050
Watch again FIIs | Confusion in market may Persist | Is this Fear of Collapse?
Saturn retrograde with Jupiter retrograde leads the day, well supported by Mars, Moon, Rahu, Ketu and Mercury. Volatility is possible during the day. Lord of lagna is also active, because of exchange of position with Jupiter. Indicating Uchhal or wave like situation can be seen during the day.
I must suggest that chances of getting financial gains with some tension for Taurus sign and lagna. It will be better to watch with care. It will be better to watch the relationship (professional), similarly for the nation – time to watch for political alliances and other.
That’s why in my opinion, Taurus lagna/Sign people should watch the trade with care, at any moment may mislead the trader (this is for the period). Use this but casual traders must watch with care. India’s horoscope has same lagna.
Nifty may try to test 24000. Even then, buying from lower levels. But volatility is again possible at any time. If one can use the gap. For buy at lower levels and sell on upper levels. In fact there is no any trigger for our market.
FIIs may again look in other markets, and selling by them will not be a surprise. China has announced stimulus for their market. FIIs have already sold above 10 K crore during the first week of the month, altogether above 1 lac crore they have liquidated. FED has announced 25 basis points cut.
Our market has inflation on upper side. Unemployment and shrinkage in middle class group had affected car market (below 10 lacs value). INR is looking now for 84.50 against USD. We are busy in elections.
Watch banks and financial institutions with care. IT may give some indications for the coming period. Cues from the neighboring market may be better. US market has shown impact of FED and return of Trum mainly because of Tesla.
Nifty may look for 24000 in coming time. But again try for 24250. Crude oil may show some pressure and remain around 70-74 USD
Indian Rupee may trade in between 84.00 to 84.60 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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