Daily Forecast – Share Market – November 24th, 2022

Nifty may look for precious day’s levels (either side) | Keep a watch global news

Saturn with Mars (Rx) leads the day, well supported by Rahu and Venus. Expiry of the month. Whereas foreign cues may remain decent, which may give moral support to our market. Importantly Jupiter has started transiting direct, possibly this may give impact on crude, and possibly on date we may see some dip in crude oil.

Countries are ensuring energy security for the future, remember, time is again coming for the alternate energy. That means for the long run alternate energy will be another key. Lord of banks close to Moon and Sun are close to this lord. Indicating that time for Banks is still on for the coming period. If is available at better rates, one can look for banks related segments.

Nifty may show buy on dips. This does not mean that we can ignore stop-loss.

IT is still lazy, whereas infrastructure, power, automobile, Petroleum based segments may be attractive for coming days. Aviation civil and defence related segments are again decent. Web based segments may not be encouraging for the day.

Keep a watch on global news, which may play some role during the day.

Areas like automobile, automobile tyres, paints, automobile batteries, e-entertainment, paints, chemicals, pharmaceuticals, textiles, engineering, leather, metals (wobbling), aviation manufacturing, defence, electronic segments of defence, leaf-based segments with coffee, FMCG, dairy, alcohol, gemstone related, fashion, and many more may remain active.

Nifty may look for previous day’s level (on either side).

Indian Currency

Indian Rupee may trade in between 81.20 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.