Nifty prediction : Nifty may look for 18350 | Look for Opportunities on upper and lower
Daily Forecast – Share Market – November 23rd, 2022
Nifty may look for 18350 | Look for Opportunities on upper and lower
Saturn with Mars leads the day, well supported by Jupiter (Retrograde), Rahu and Venus. Importantly Jupiter is at its slowest speed for us, because will start transiting direct from 24-11-2022 at 06:58 Hrs (IST). This may give impact on crude in coming period along with many more.
Indications from Global market may remain positive and which may give impact on our own market. Possibly, market may show rise from the lower levels and look for 18350 or so. It will be better to protect your funds and look for opportunities and trade with strict stop-loss.
IT segment is passing through a rough phase, including for the employees of the companies. Giants of the Industry are under pressure. Indian companies are little bit better. But according to the leading recruiting firms, slump in recruitment is high. This Industry had given support during the lockdown to the market, now has reached its peak, so profit bookings (globally) is possibly. Rough patch for the profits and employees also.
Indications for the employees – not to take any hasty decision with the company for the running period.
Areas like Petroleum, petroleum based products, automobile tyres, paints, banks and financial institutions, electronics and electrical, power, logistics, rubber and dairy products, aviation, logistics, travels and communication, defence, alcohol, spirit, non-traditional segments, renewable energy, automobile batteries, insurance (avail at better rates), research and pathology laboratories at better rates for coming period, textiles, leather, pharmaceuticals and many more may remain active.
Nifty may look for better levels than previous working day, possibly may look for 18350.
Indian Rupee may trade in between 81.30 to 82.00 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