Nifty Prediction : Nifty may look for 18450 or so | Keep a watch on Inflation data

Daily Forecast – Share Market – November 14th, 2022

Nifty may look for 18450 or so | Keep a watch on Inflation data

Jupiter, Mars with Saturn are leading the day, well supported by Rahu and Venus. Importantly lord of lagna of Horoscope of India is giving direct strength to self, with Mercury. Indications are that Foreign cues are important, whereas Jupiter is slowing down its speed, because is close to change its direction of transit.

Foreign cues may not be impressive for the day. USD is losing its strength; INR is still maintaining below 81 against USD. Keep a watch on INR against USD.

Neighbouring markets are trying to give some support to their own market and various segments. Which may give impact on metals, minerals and related segments. Also keep a watch on FIIs.

Nifty is trying to look for upper levels. It will be better to buy on dips and look for upper levels. Nifty may again try to look new levels in coming period. Market is enjoying complete advantage of Lunar eclipse.

Keep a watch on Midcaps and small caps.

Areas like metals, automobile, automobile batteries, EV and renewable energy, coal, finance, banks, power, textiles, engineering, leather, sugar, engineering, insurance, IT, defence, electronics and electricals, healthcare, pathology laboratories at better rates, keep a watch on inflation related areas, also keep a watch on market after 13:00 Hrs (IST) on the market, agriculture, agriculture produces, and many more with chemicals, acid and many more with leaf based segments etc with automobile tyres.

Nifty may look for upper levels like 18450 or so. Banks nifty may also remain active.

Indian Currency

Indian Rupee may trade in between 80.20 to 81.00 per USD.

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

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