Nifty Prediction : Market may consolidate position | Trade with Proper stop-loss
Daily Forecast – Share Market – November 29th, 2019
Market may consolidate position | Trade with Proper stop-loss
Venus, Ketu and Rahu are controlling the day with support of Jupiter and Saturn. Still Panchgrahi yog, exchanging aspect with Rahu, which is in the house of banks and finance. Crude may have some pressure because of some global reasons, but still on upper levels. Market is with positive emotions but suspicious also, because at the time of opening of the market Moon and Rahu are at the same degrees (suspicious or wait for something).
Currency may be maintaining its levels.
Indications are for the wave like situation, enjoy this ride. Market seems bit positive, but global cues may influence the market and profit bookings at upper levels possible. Add good equities at lower levels. Planets are indicting that foreign cues may be fine. Local news from government – they must act for the youth for job opportunities, otherwise market may give sudden downfall.
Indications are for decent emotions, but it will be better to trade with stop-loss of 100 points in Nifty. Still, I feel that market will hold levels, with waves may look for upper levels. Reason is due to global activities. US and China and others.
Segment wise – leather, sugar, pharmaceuticals, healthcare, pathology labs, insurance, shipping, infrastructure, automobile, automobile ancillary, gems and related areas, Jewellery, wine, spirit, alcohol, cotton, silk and pesticides etc. may remain active. IT, communication, oil drilling, carbon black, cement, tiles, paper and likewise segments may show advantages.
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.
Categories: Share Market