Daily Forecast – Share Market – November 22nd, 2021

Possible Nifty range 17650 to 17950 | Trade with stop-loss (both ways)

Mars with Saturn and Jupiter leads the day, well supported by Sun, Moon and Venus. Lord of share market and banks is just 4 degrees away from Sun, which may give impact on the market. Even then Mercury and Sun are forming good yoga. Impact on the market from foreign cues may be important. Market will be opening after a long weekend. I feel that market may have some better moves from past week, although Mercury is heading for combustion. Jupiter has moved in Capricorn to Aquarius.

Crude may show some control.

I believe that market may show recovery from lower levels, but Mixed day possible. Emotions due to inflation is not comfortable globally (aftereffects of COVID19). Many countries have started facing lockdown (partial/full) in Europe, due to COVID 19. This may hurt demand globally.

FIIs are indicating some positive. But will market cross 18000 of Nifty? Nifty may look for 17650 (just a chance). Or better to say that it will be better to trade with care. Volatility during the week may be seen because Lord of the share market will be close to total combustion on monthly expiry day.

Areas like sugar, textiles, pharmaceuticals, agriculture, power, infrastructure, communication, IT, metals, electrical and electronics, defence, leather, alcohol (at better rates), look for opportunities for the coming period. Movements in many areas can be seen during the coming days. It will be wise to go equity wise.

Nifty may trade in between 17650 to 17950. Sudden touch to the market will give direction for the expiry.

Indian Currency

Indian Rupee may trade in between 73.90 to 74.70 per USD.

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