Daily Forecast – Share Market – November 28th, 2022

Sell on rise and buy on dips possible | Look for Opportunities

Mercury, Saturn with Mars are leading the day, well supported by Sun, Moon, Venus and Rahu. Importantly, Foreign cues may be playing their role, China is facing internal issues like Covid related issues and revolt by Chinese public against their Lockdown (strict). Market from Chinese market is not comfortable, which is indicating down trend of sales etc. Anyways, negativity from Chinese market may be seen.

Crude is also showing down trend in global market. Despite of our own market’s intention (which is better), Rahu may play some sudden moves, so opportunities on dips possible.

Banks and share market may be in a better emotion, despite of foreign cues.

Nifty may try to go up but possibly opportunities – buy on dips are possible. The same strategy will be better for a while.

Nifty is already on upper levels. So, pressure on upper levels will not be a surprise.

Keep a watch on Banks (Bank Nifty). Organic and inorganic chemicals may also show movements along with automobile. Keep a watch on dairy, leaf based segments, coffee, FMCG, petroleum marketing companies, petroleum based products like automobile tyres, automobile batteries, paints, solvents, aviation, defence, alcohol, spirit, non-traditional segments, power, entertainment, sports, education, publications, technology/IT, electronics, electricals with many more areas may remain active.

Avail opportunities at lower and look for opportunities at upper levels (sell as and when required).

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.