Nifty Prediction : Buy on dips better | Sell on rise (as and when required) | Space/defence (watch)

Daily Forecast – Share Market – November 16th, 2022

Buy on dips better | Sell on rise (as and when required) | Space/defence (watch)

Saturn with Mars leads the day, well supported by Rahu, Jupiter, Mercury and Venus. Importantly Jupiter is slowing down its speed, because from 24-11-2022, will start transiting direct (will change its direction of transit for us). Moon is forming good relationship with Saturn, Sun and Rahu/Ketu.

Geo-political cues may be bit tricky. Although situation may be defused, for a while, because of some intelligent steps by the leader of any nation from the western part of the globe. Even then one of the nation may try to ignite once again Russia – Ukraine conflict in coming months, possibly in 2023 January or around the same or in December 2022.

Also keep a watch on the activities of FIIs. They may focus of sell on various opportunities. Buy on dips and sell on rise may give opportunities to earn in this market. Avoid chasing gap-ups.

Crude is also within range, currency is around INR 81. Global cues may not be comfortable, local market may be affected by such cues, but areas like IT, Logistics, aviation, space, rocket, web based segments, textiles, pharmaceuticals, banks (with care on upper levels), leather, chemicals, power, automobile tyres, automobile batteries, (be careful in chip or electronics), insurance and crude (be careful), reality, agriculture based automobile and many more may give movements.

Buy on dips (if any) sell on rise (as and when required).

Indian Currency

Indian Rupee may trade in between 80.60 to 81.80 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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