Daily Forecast – Share Market – November 29th, 2022

Will Nifty look for improvement? Ups n Down possible

Mars (Rx), Saturn with Mercury are leading the day, well supported by Rahu and Venus. Indicates that almost entire horoscope is active, only Jupiter is silently active. Crude oil has moved slowly, but issues in neighbouring nation(s) and global “Hulchul” is important for the coming period.

If any country which is strongly financed by many Giants of European banks, will suffer economically, that means – coming period for such nations/areas may face trouble, causing issues to the global economy and IT sector of world, including India. Yes, we are close to that stage, possibly due to China. Possibly, this may be one of the reasons for the pressure on IT in US and other nations. They are announcing firing.

IT companies are heavily working for banks and financial institutions along with other sectors. This may be temporary issue. Once again sectors may be involving IT sectors in various new upcoming areas.

Global cues may not be comfortable or better to say Mixed impacts. Our own market may again show some improvements despite of ups and downs.

Nifty is looking for new levels in coming levels, because of banks (keep a watch), financial institutions, automobile, aviation, defence, agriculture, power, renewable energy, alternate segments, alcohol, spirit, chemicals, communication, entertainment (keep a watch), sports, fashion, Travel and tourism, FMCG, space, IT, infrastructure, leather, insurance keep a watch, and many more may remain active.

Nifty is looking for new levels, despite of global issues, reason is cashflow in the market is still better from retail (non-regular) customers.

Indian Currency

Indian Rupee may trade in between 81.10 to 81.90 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.