Daily Forecast – Share Market – December 2nd, 2021

Nifty with Volatility in range of 17050 to 17250 or so

Saturn with Sun is holding the key along with Jupiter, Rahu, Moon, Mars and Mercury. Crude oil may remain under control for a while. Global cues may show pressure. Weekly expiry day. Lord of share market is trying to come out of combustion. Coming week may be better than this period, possibly due to week lord of share market and globally impact of OMICRON was seen.

Market may show some impact of foreign cues. Nifty may again try to test lower levels like 17075 or so Nifty. Allow market to settle down. Remember, Rahu may give sudden moves at any time on either side.

Market needs to trade with patience (for casual traders). Monday onward direction will be clear, so trade with care till then.

It will be better to trade and look for IT, communication, petroleum marketing companies, petro-based products like Paints, automobile tyres, keep a watch on auto ancillary, renewable energy and non-traditional segments, pharmaceuticals, chemicals, energy, textiles, leather, paper, engineering, also keep a watch on financial institutions and banks at lower and better levels etc.

Nifty may show volatility like 17050 to 17250 or so. Allow market to settle down.

Indian Currency

Indian Rupee may trade in between 74.80 to 75.40 per USD.

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