Nifty Prediction : Opening of the market can be close to previous closing | Trade watchfully
Daily Forecast – Share Market – November 27th, 2015
Opening of the market can be close to previous closing | Trade watchfully
Lord of Parliament is under pressure of opposition parties, whereas Lord of Rajyasabha is coming out of out of pressure of Opposition, but still under pressure of Political issues, and remarks by leaders of position and opposition. Lord of bills is influenced by Saturn which is lord of Karma, so in spite of some better information by selective opposition parties, indications are that such news may give some gains or positivity to share market, butt bills related issues are still to be considered before going for a long.
This will give range bound trading and even though some hopes related to bills can be seen, but still lord of Karma has to see total combustion shortly, and parliament may see some disturbance. Main opposition party will not give up so easily.
I feel share market may show movements in Mid-caps and small-caps. Equities or segments (advances may be more), banks may show some better moves. Nifty and Sensex may trade close to yesterday’s closing or may feel some pressure too due to some large caps.
Electrical, Power (Non-traditional), cement, infrastructure, logistics, IT, communication and media can be better. I feel some pressure on textiles, paper, agriculture, Petroleum etc. But Insurance, Jewellery can be better with few Vehicle manufacutrer.
Trade watchfully – even if market moves bit upward, because it is in range bound trend and revesal moves can be seen.
Indian Rupee may trade in between 66.00 to 66.90 per USD.
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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
Categories: Share Market