Daily Forecast – Share Market – November 20th, 2023

Nifty 19650 to 19800 | Sell on rise Possible

Mars is leading the day, well supported by Saturn, Venus, Jupiter, Mercury, Moon and Ketu. Disturbed or under pressure foreign cues possible because lord of the foreign lands is under the shadow of Sun in full combustion position but is coming out of such total combustion in coming few days, so we may see some improvements also.

I feel that day for the local market may have impact of mixed but local concerns may give support to the market. IT (midcaps) may remain better. Previously market has shown recovery from lower levels despite of global issues. FIIs had not much sold.

Crude oil is again holding around 80 USD.

Nifty may show close to previous day’s closing. Ups and downs possible. Our concerns are also bit under control despite of decent movements of planets. Concern is for foreign concerns.

Will 5 days ceasefire of Israel support global market. Nifty may try to be within 19650 to 19800. But stop loss in the coming period may remain important. Sell on rise will be better for the period.

Banks may try to play some tricks. Defence may remain better for the day and period, even after 2025 also during the Mahadasha of Mars for India.

Transit of Jupiter will be in Taurus sign on May 1st, 2024. This may give some political surprises to the nation (Chances). Period may give sudden changes in middle of May 2024.

Movements in all the segments will be seen. Watch defence (especially aeronautical), IT midcaps along with others, communication, entertainment, FMCG, fashion, electronics and electricals, engineering, gold, including silver, metals, oil marketing companies and exploring companies also, chemicals, cotton, silk (fine fabric), automobile, and many more along with travel related including railways may be showing movements.

Nifty may remain within 19650 to 19800. Sell on rise possible and better.

Indian Currency

Indian Rupee may trade in between 82.70 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.