Nifty Prediction : Profit Bookings Upper levels possible | Mood better – Buy on dip

Daily Forecast – Share Market – November 21st, 2019

Profit Bookings Upper levels possible | Mood better – Buy on dip

Rahu and Venus are leading the group with support of Saturn, Ketu and Mercury. Malefic planets are holding the key, but importantly Venus is giving strength to own house of Lagna and Mercury has started transiting direct. Crude oil prices are supported by the lord of the house. Hence, holding oil prices. Venus is ready to change its house and will move in Sagittarius sign in the midnight. So, from tomorrow hold of Ketu and Rahu will increase.

Market is looking for upper levels and sudden movements will be key during the day. Banks – it will be better to keep a watch with care and look for opportunity in strong organizations only. From tomorrow activities in this area can be seen differently – PSU banks etc.

Political issues local – may give some direction during the day. Keep a close watch. Pressure/Profit bookings on upper levels and buying at lower levels possible. Impact of foreign cues may be seen time to time. But I believe market may show positive mood or stable mood.

IT, communication, entertainment with communication instruments, entertainment instruments may remain active with Petrochemicals. Infrastructure, construction, Earth mover and related tyre manufacturer (like MRF, Ceat etc.) may show some better movements. This may also help other tyre manufacturing segments, automobile.

Textiles, leather, agriculture and related segments, pesticides, cotton, silk, Sugar, alcohol, spirit and related segments including breweries etc. Banks (PSUs) and others also may look bit better.

Automobile, automobile ancillary and battery, paints, construction materials etc. may remain interesting.

Indian Currency

Indian Rupee may trade in between 71.30 to 72.30 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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