Daily Forecast – Share Market – November 26th, 2021

Foreign cues Imp. | Nifty may look 17450 | Look for Opportunities

Saturn is controlling the day, well supported by Moon, Sun, Mars, Jupiter, Venus and totally combust Mercury. Lord of share market is total combust, unable to give support on the market. Astrological reasons are clear why market has slump from 18600 of Nifty to 17536 of Nifty.

Still, I believe market may be influenced with foreign cues/market trend. FIIs are busy in booking profits. Other foreign markets are affected due new variant of Covid in South Africa. Asian and other areas are directly or indirectly affected due to inflation, unemployment data, and in India banks are not supported by its lord.

Confidence in the base of market may be bit weak. Nifty may fall and test 17400. Market may look to come over after solar eclipse. That is December 4th, 2021.

Areas like renewable energy, IT, e-commerce, space related segments, gold, hospital, health related areas, entertainment, oil exploration, and related areas may remain active. Agriculture produces may remain affected, sugar, textiles, metals, engineering and others may also be looking active.

I will prefer to look for opportunities in banks at better rates, with indices for the coming period. Market may look better after a week. Look for opportunities in coming days also (as and when available).

Nifty may show pressure but try to recover from lower levels also. Keep a watch on foreign cues.

Indian Currency

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.