Nifty Prediction : Nifty may remain within 19675 to 19825 | Buy on dip, sell on rise

Daily Forecast – Share Market – November 17th, 2023

Nifty may remain within 19675 to 19825 | Buy on dip, sell on rise

Jupiter, Mars and Venus are leading the day, well supported by Moon Saturn and Ketu. Lord of foreign lord is totally combust, unable to give its support to our market. Crude oil may also show some fear of weakness in demand.

Ou planetary position is still better for local, but lord of foreign lords is giving direct impact on Lagna of horoscope of India, that means personality of the market may be negatively affected by foreign cues or may put pressure on the same, despite of planetary support. This means opportunities may be there but due to foreign issues, some profit booking possible.

Buy on dips and sell on upper side will be better for the traders. Investors can decide after a while.

Wait n watch for banks and bank nifty. It is not suggested for shorting at the moment. Midcaps and small caps may show movements. News from banks may give some impact on todays transactions.

Watch banks due to RBIs instructions, movements can be seen in import export, insurance, automobile, petroleum marketing companies, power, infrastructure, reality, Jewellery, entertainment, textiles, fertilizer, paper, leather, IT, communication, communication, defence, and many more may be showing movements.

Nifty may try to look for previous working day’s high and stop-loss for 19675. Buy on dips and sell on rise will be better.

Indian Currency

Indian Rupee may trade in between 82.60 to 83.50 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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