Daily Forecast – Share Market – November 23rd, 2023

Nifty may look for 19900 | Stoploss below (-) 75 points

Saturn with Mars leads the day, well supported by Moon, Mercury, Venus and Ketu. Importantly, Moon is forming a good yog with Venus, indicating that emotion and local issues may remain supportive. It seems that Nifty is planning for 20000, but some hiccups.

Today is closing for the week. Now, for the day, market may try to show upside and possible for another 100 points recovery from lower levels. Possibly range bound and upside movements for the day.

Crude is still roaming around 80 USD.

Only major indexes are moving nicely, banks are not as good as should be. Stoploss at (-)75 points will be better. Local issues are supportive along with many more segments like auto, FMCG, Fast food, technical, IT, defence related, space and web related, entertainment, power, logistics, paints, automobile tyres (look for opportunities), many more segments like metals, communication instruments etc.

Nifty may look for 19900. Stop loss around 19750 advised. Recovery from lower levels may be seen. Astrologically, Nifty may be preparing to recover till 20000 in coming time.

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.