Nifty Prediction : Market may look healthy | Weekly expiry – watch/trade with care | Nifty may plan for 19000
Daily Forecast – Share Market – December 1st, 2022
Market may look healthy | Nifty may plan for 19000
Saturn, Mercury with Mars (Rx) are leading the day, well supported by Jupiter, Venus and Rahu. According to the period for India,
all the action in neighbouring/boarder areas/nations, travels, IT, communication, space and related segments may be seen. According to the planetary position, all the areas are active. Lord of banks is preparing to give strength in coming days to own house.
Global cues will be important, although retrograde lord may show some wobbling in foreign cues. But for our market we may see that market may try to look for new levels. Bank and IT with other sectors will be helping the market to achieve new mark in coming period (possibly).
Global cues may be deceptive.
Regarding GDP data of India, as flashed by the government agencies, it is satisfactory, fear of decline in third quarter proved wrong (according to the government data), unemployment and inflation is again important fear of the market. Even then market may behave with healthy note, although has already reacted to the same, but may give some indications for 18800 and above etc.
This does not mean that one should ignore stop-loss. Because that is the safety measure.
Areas like defence, IT, banks, travels and tour, aviation, defence related aviation manufacturing, shipping, insurance (watch), chemicals, textiles, leather, power, cement, infrastructure, healthcare, research related, space, communication, oil marketing companies, automobile tyres, alcohol, no-traditional segments, metals, engineering and many more may remain active, because entire horoscope is charged.
Because of weekly expiry, we may see some profit bookings on upper levels, but buy on dips will be better for a while. Possibly market may prepare for 19000 of Nifty levels in coming period.
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.
Categories: Share Market