Nifty Prediction : Opening may be Positive | Profit booking possible | Market may test lower levels

Daily Forecast – Share Market – November 22nd, 2016

Opening may be Positive | Profit booking possible | Market may test lower levels

Government is going strong. But Volatility and shaky attitude in the market can be seen. It will be better to be careful for housing and related segment. Banks may start showing some growth in coming days.

Vehicles and infrastructure will be better with defence related field. Currency is still weak, which is also influencing our market. It will be better to look for alcohol and breweries related area. FMCG and E-commerce related companies may be doing better.

I will maintain a distance with companies involved in housing segment. Communication, IT, media, transport and petroleum segment will be better.

At lower levels buy good equities for long term basis. Short term traders must be very much careful, even though market shows rise. Wait for a while, let the market settle down.

Indian Currency

Indian Rupee may trade in between 66.60 to 68.60 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.

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