Nifty Prediction : Nifty may show gap-up Opening | Profit booking on upper possible

Daily Forecast – Share Market – November 25th, 2022

Nifty may show gap-up Opening | Profit booking on upper possible | Volatility possible

Buy on dips | China market may remain cause of concern

Mercury, Saturn with Mars (Rx) are leading the day, well supported by Venus and Rahu. Indications are clear that Lord banks and share market is ready to give its results in favour of the market. Global cues may remain better, but this means that possibly market may open with gap-up opening.

It will be better to wait for some times and then look for entry in the market. Reason for the betterment will be – Jupiter has started transiting direct, in its own house and sign of gains.

Crude is under pressure which maya again help local industries for a while, (INR) currency is again within the bracket of 81-82 against USD.

Nifty may look for new levels, and possibly some profit bookings on upper levels also possible. Gap-up levels are expected, capitalize this coming period.

Areas like banks, financial institutions, technologies, engineering, FMCG, fashion, entertainment, non-traditional, alcohol, spirit, leaf-based, coffee, seed based, metals, textiles, leather, chemicals and it will be better to say that almost all the segments may show movements. Midcaps and small caps may also show movements.

Trade with stoploss, despite of Gap-up opening (possibility). Nifty may look for new levels.

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.

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