Nifty Prediction : Upper levels Profit booking Possible | Expiry (-50) points Nifty or so
Daily Forecast – Share Market – November 28th, 2019
Upper levels Profit booking Possible | Expiry (-50) points Nifty or so
Ketu, Rahu and Venus are controlling the day with support of Jupiter and Saturn. Panchgrahi yog is exchanging aspect with Rahu, that means six planets are active in one axis only. Indicating that activities in banks and financial sector, sea related areas like gas, petroleum, shipping etc.
Profit Bookings on upper levels possible. Nifty may trade little bit negative from previous days closing, so expiry of the month for Nifty may have some pressure. Trade accordingly.
Market may again move with positive intentions. It will be better to trade with guards and long-term traders, wait for opportunities. Market is rising, only long-awaited equities with good financial background will be suitable.
Traders can look for upper and lower areas. I believe that market is in positive node, but suddenness is not surprising reason is Ketu and Rahu are highly active.
Disputes, war or war like situations in oil drilling areas or Libya etc. is also possible.
Political issues in the Nation can be seen, government may be bit under pressure indirectly, because of which new announcements may come in coming period, because lord of the leader of cabinet is in Panchgrahi yog.
Currency may improve its position.
Active areas may be Textiles, chemicals, lubricants, gas, petroleum, cotton, engineering, leather, Paper, alcohol, sugar, spirit and related areas like wine etc. Opportunities at upper levels to go for profit bookings and buy on dip will be better policy.
Banks, financial institutions, Laboratories, insurance, Pathology related labs, silk, communication, entertainment, IT etc.
Indian Rupee may trade in between 71.00 to 71.80 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