Daily Forecast – Share Market – November 23rd, 2021

TRADE WISELY | TIME TO PROTECT FUNDS (CASUAL TRADERS)

Saturn is controlling the day, well supported by Jupiter, Rahu, Mars, Moon, Saturn and Venus. Foreign cues are not comfortable for the market. Gold may remain under pressure, with alternate currency also under pressure.

Geo-political situation may be under pressure, crude may show some rise. Pressure on the market if any, or any volatility happens will not be surprising, reason is lord of share market is just 3 degrees and 40 mins away from sun, indicting heading for total combustion. So, support from banks and financial institutions may remain weak or non-supportive. Similarly, local issues for the market may also be non-supportive.

Difficult to say about the levels. Will prefer to be watchful till the weekend. Possibly Monday may also be tough or may give indication for further moves. But chances after 04-12-2021 will be better.

If possible then book profit. Market may show some pressure. Engineering, electrical, aeronautical, defence, and many more may be showing movements, but direction of equities difficult to comment.

TRADE WITH CARE ON EITHER SIDE.

Indian Currency

Indian Rupee may trade in between 73.80 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.