Daily Forecast – Share Market – November 23rd, 2020

Nifty may target 13000 | Volatility in banks not surprising

Mercury, Sun and Rahu are leading the day with support of Mars, Saturn and Jupiter. It is a week of monthly expiry. Nation- wide situation related to COVID19 is getting strength. Foreign cues may also be playing their role.

Nifty may look forward for 13000 levels, but opportunities in banks can be seen. Volatility in banks can be seen.

Keep a watch on dips, so that proper advantage can be availed. News related to COVID vaccine has started giving positive indications. Most likely middle of the next month may give some good news related to the Vaccine.

Initial teething issues may be cause of concern.

Anyways, insurance, crude, research laboratories, with agriculture, sugar, alcohol, all surface of transport, keep a watch on IT etc.

Infrastructure, power, cement, tiles and paints with automobile are still active. Keep a close watch.

Many more segments may remain active. Sudden movement not surprising.

Indian Currency

Indian Rupee may trade in between 74.10 to 74.90 per USD.

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