Nifty Prediction : Foreign cues important | Volatility possible | Nifty may try for 17900
Daily Forecast – Share Market – November 18th, 2021
Foreign cues important | Volatility possible | Nifty may try for 17900
Venus with Jupiter is leading the day, well supported by Sun, Moon, Mars, Saturn and Rahu. Enjoying weekly expiry on date and last working day for the week for the trading purpose. Tomorrow will be Lunar eclipse (partial), can be seen in India only at Teju Changbiniti and near by area of Arunachal. Jupiter is close to change its sign and house during the weekend ie. on 20-11-2021.
This Lunar eclipse will not be considered for religious purpose, but astrologically, due to Moon/Sun/Rahu/Ketu axis may play some impact on the market. Degree wise lord of share market is also close to this axis. So, Impact is possible. Lunar eclipse gives high tide, so possibility of some impact on the market may be seen.
Crude may be bit low, indicating demand of oil – globally is bit low, in India is high (comparatively).
Global cues may not be supportive. Market may face some pressure on upper levels. Market may look for 17900 levels of Nifty. Banks are still not supportive, because lord of banks and share market is heading for total combustion on 29-11-2021. Impact of foreign cues also possible
Keep a watch on FIIs, crude oil related areas like petroleum marketing companies, gas, leaf based segments, coffee, e-commerce, e-payment, IT, FMCG, fashion, insurance, research and development, laboratories, and many more areas may remain active. Paper, sugar, sugar related areas including alcohol, glycol and many more.
It will be better to go for equity specific trades.
Nifty may look for 17900 but impact of foreign cues may give pressure.
Indian Rupee may trade in between 74.00 to 74.80 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