Nifty Prediction : Nifty may look for 187225 | Trimming possible on upper and buy on dip
Daily Forecast – Share Market – November 30th, 2022
Nifty may look for 187225 | Trimming possible on upper and buy on dip
Rahu, Mercury, Saturn with Mars (Rx) are leading the day, well supported by Venus. Keep a watch on government announcement regarding data of GDP, manufacturing data etc. Possibly manufacturing data is under pressure, export data will be cause of concern, which may affect GDP. I wish, it should not come below estimated news of 6.5 or so.
Even then market is still bit positive. Nifty may look for another 100 points up. Rahu may surprise the market at any moment. Keep a watch.
Global situation regarding China is important, causing pressure on Crude oil.
Banks, financial institutions, commercial services related to banks, aviation, transport and many more may be cause of improvement in levels of Nifty.
Global cues may remain better, but news from local government agencies may affect the market may be today or for coming period. Anyways, already market has shown a great run up. So, trimming or consolidation shortly can be possible.
Areas like sports, education, banks, financial institutions, banks automobile, automobile tyres, automobile batteries, reality (movements), keep a watch on export houses, alcohol, wine, spirit, confectionaries, dairy, defence, aviation, travels and tourism, healthcare including hospitals, power and many more like travel related baggage, storage related segments, chemicals, rubber, leaf-based, watch with care – communication and IT etc.
Nifty may look for 17225 or so, keep a watch government agency’s news.
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