Daily Forecast – Share Market – November 22^nd, 2013

Positive Trend in Nifty is expected for Opening

Five planets are connected with Jupiter-Venus axis, indicating that possibility of Positive opening in Share market, although mood of the traders may be cautious or watchful. Sudden news may change the trend of the market and can give a different trend. For few persons it’s a time to make money, and if few persons will make money more may lose money. So, small traders must be watchful, any time trend may change and further corrections or consolidation will start.

Buying in few stocks can be seen. Profit bookings in Power, Infrastructure, Metal and vehicle related products can be seen, but trend may remain positive. IT, Communication, Aviation may not be in positive frame. Banks may see some buying.

Pharmaceuticals, Hospitals and related field like manufacturing related instruments or related by any means may stay positive.

I agree that today positivity can be seen in the market, may be due to foreign trade impacts, but not advised to go for long.

Watchful trading will be good. Insurance segment with Jewellery and such items may also perform better.

Any news may change the trend of the trade, so be careful.

Indian Rupee

Indian Rupee may trade in between 62.0 to 63.50 per USD.

Gold and Silver

Gold may trade positive along with Silver