Daily Forecast – Share Market – November 27th, 2019

Emotions Positive | Buy on Dip | Trade with stop-loss

Avoid – Savdhani hati, Durghatna ghati

Rahu, Venus and Ketu are still controlling the day with support of Jupiter, Saturn and Mercury. Emotions of the market are positive. Global cues are bit better. Local political issues may be different on date.

House of Banks and financial is same and currently occupied by Rahu, also influenced with Chatushgrahi yog, same is with crude, petroleum and sea related segments. We may see movements in the market. Amavasya is over, Shukla paksha has started, so chances of further better movements. But it will be better to trade with a stop loss of at least 150 points in Nifty.

Planets are indicating that always look for opportunity and enjoy buy on dip in the market. I have also mentioned earlier that transit of Rahu in the house of banks and financial institutions is always giving me some fear because of unpredictable activities by this Rahu.

Any news from government may give some movements to the market, so it will be better to keep a close watch. Communication may not be comfortable and related banks may also feel impact accordingly, again trade wisely.

Still I will look for opportunities.

Movements can be seen in automobile, ancillary, automobile batteries etc. Pharmaceuticals, leather, textiles, paper, banks and financial sector will remain active, with petroleum, shipping, sea related segments, FMCG, wine, alcohol, spirit, cotton and communication instruments with entertainment instruments.

Trade for long, buy on dip. But stop-loss is essential otherwise “Savdhani hati – durghatana ghati”.

Indian Currency

Indian Rupee may trade in between 71.00 to 72.00 per USD.

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