Daily Forecast – Share Market – November 22nd, 2023

Nifty may look for 19825 | Baby steps for movements

Mars with Saturn leads the day, well supported by Moon, Jupiter, Mercury, Ketu and Venus. I feel that Mars and Saturn combination as leaders of the day, indicates mixed impact from the foreign cues. Wait for the some geo-political indications. Even then Nifty may show some slow but again positive movements although global cues may remain little bit under pressure.

Nifty has not crossed yet 19800, so today it may look for 19825. Nifty may not show big movements on either side. Even then stop-loss for 19650 will be better.

Midcaps and small caps may remain interesting.

Yesterday’s closing was same as opening and good comparatively previous working day. Again, sell on upper levels possible.

FIIs may give some indications for the coming period watch the movements.

Remember, we are entering in last phase of this session of the government and General elections ahead. We may see some steps which may attract the emotions of one particular of segment of population, some financial burdens on nation, states etc.

Banks may be doing better in coming period. IT midcaps are interesting whereas giant may show some dips or issues.

Areas like defence, aviation, leaf based, tea, coffee, fast food, logistics, space, entertainment, chemicals, cotton, non-traditional segments and many more may be in the movements. Since, entire horoscope is active so, many segments may show activities.

Nifty may look for 19825, stop-loss at 19600 will be better. Baby steps (movements) possible during the day.

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.