Nifty Prediction : Nifty/Bank Nifty healthy | Trade for long | Deep stop-loss better
Daily Forecast – Share Market – November 26th, 2019
Nifty/Bank Nifty healthy | Trade for long | Deep stop-loss better
Rahu, Saturn, Venus and Ketu are leading the day. Lord of the crude oil is protecting own house, so rise is slowly and gradually in crude oil prices. Currency may hold its level. Political Utha-patak, Judiciary and many more to come during the day. Amavasya for the political gath-jod can be seen during the day.
Since, Rahu and Ketu are heavily active, so it will be better to go for stop-loss of 100 points for Nifty, and trade for long.
Activities in the trading and share market may show further positivity. Previous day market has formed a base. I believe, market may move further and look for the next levels in coming period. Opportunities may be available for investors and traders during the day.
Still, I cannot rely on extra power of Rahu, because can ditch anytime, as it had happened in Maharashtra political scenario, possibly still to come. Similarly, in the banking and financial area, anytime this Rahu can play a game, because is placed in the house of banks and financial area. Similarly, verbal exchanges can also spoil relationships in politics etc. – as we have already observed.
Still, my point of concern is consumption story in the market, because lack of job opportunities, unemployment may give impact on banks because of home loans and other loans etc. Anyways, market may behave on current situation, but sudden drop or news may disturb for long term.
Saturn, Jupiter and Venus are in Rahu/Ketu axis in chhidra house, this can give waves also, since Amavasya so, be ready for high rise in banks and market zone. Banking and petroleum related areas are linked. Governments steps for selling stakes in Petroleum company, merging of banks (PSUs) and impact of NPAs etc. during this transit of Rahu in the current house.
Still I believe that market may be looking for new levels, with support of Banks or better to say Bank Nifty. Since, Rahu is highly active, so deep stop loss in Nifty – say for 100 points from current levels will be better for the rise in new levels.
Metals, automobile, wine, spirit, textiles, leather, building materials, FMCG, Health care, Chemicals, carbon black, and gas, shipping, insurance, pesticides, research based segments, analytical segments like pathology labs. Market may give movements in many segments.
Keep a watch on Political Uthapatak and enjoy the ride/Wave.
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.
Categories: Share Market