Nifty Prediction : Wait for Long | Nifty may again look for 17100+
Daily Forecast – Share Market – November 30th, 2021
Nifty may again look for 17100+ | Foreign cues better
Wait for Long
Saturn with Moon is leading the day, well supported by Sun, Mars, Jupiter and Venus. Lord of share market is trying to come out of shadow of Sun (combustion). This may indicate pressure of crude and on INR. Foreign cues are indicating better day. As mentioned on previous working day that buying from lower levels – market has recovered (mainly Nifty). Issues with Mid-caps was seen.
News driven market (indications).
Quality of stock wise trading will be better. I agree that cues from foreign lands are encouraging. It will be better to look for company wise. Keep a watch on certain finance companies. It will be better to trade with care in other segments.
OMICRON covid is creating some trouble for the business persons, and especially for tourism and travel etc. This may affect aviation and other related segments.
Fertilizer, insurance, Paper, banks (organization wise), chemicals, Pharmaceuticals, leather, financial institutions, IT, e-commerce (and related areas), metals, Petroleum marketing companies, and petroproducts segments like paints, automobile, automobile batteries, power, automobile tyres and health care including pathology labs.
Nifty may indicate some movements during the day. Overall, indications are better. Market may show recovery from lower levels in Mid-caps also.
Indian Rupee may trade in between 74.40 to 75.30 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