Daily Forecast – Share Market – December 1st, 2021

Buying at lower and selling on upper| Casual trader – Patience is Important

Saturn and Mars are key planets for the day, well supported by Venus, Jupiter, Moon and Sun. Foreign cues may remain deceptive, this health issue (global) is again hitting sentiment for movements for travels and tourism. Saturn and Jupiter are indicating pressure on crude may further be seen. Affecting advantage to petroleum marketing and logistics sectors.

This deceptive behviour of foreign market and others are due to Solar eclipse on 04-12-2021. This may affect technically in India, but in foreign market, this may give strong impact. Local market is looking for some deriving news or deriving force to breach and stay above 17300 of Nifty.

Apart from astrology, this OMICRON has influenced OPEC and related bodies. US is also confirming weak data. Which is confirmed by the selling by FIIs.

It is again clear that buying from lower and selling from upper levels can be seen. Time is indicating – keep patience, even then market is showing growth in comparison to the previous year’s results. Shortage may be seen in fertilizer, which may be affecting Fertilizer and related areas.

Now, market is moving around previous close. Indicating that now may trade within range of 16800 to 17300.

Areas like Agriculture, fertilizer, petroleum marketing companies, automobile trye, paints, Pharmaceuticals, pathology laboratories, insurance, power, renewable energy, green energy, paper, leather, textiles, sugar, agro-produces, IT, communication, banks, metals, cements, and many more may remain active. It will be better to take necessary precautions.

Trading can wait. Protect funds. Casual traders – avoid this current time. Trade with safety.

Nifty may be trading like previous working day.

Indian Currency

Indian Rupee may trade in between 74.60 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.