Daily Forecast – Share Market – November 24th, 2023

Nifty within Range of (+/-) 75 points | Sell on upper levels

Mars, Saturn with Mercury are leading the day, well supported by Venus, Rahu and Ketu. It’s a last working day before long weekend. Monday no trading/business.

It seems emotions of the day – despite of Rahu-Ketu impact, market is trying to hold its levels and may try for another +75 points movements for Nifty. Sensex may be bit better. Crude oil is holding levels around 80-82 USD (Brent). Sensex expiry with other expiries (due on Monday). Because of Monday’s closure of market, and impact of Rahu and Ketu some volatility and pressure possible. That means again sell on upper levels, may touch lower than the previous closing.

Japan’s inflation is high. Settlements in the market will be delayed for 4 days because of holiday in banks and stock market. So, wait for the movements and enjoy the market with watching of New Web series on OTT (😊).

I believe market may look for 19875 and sell on upper levels possible. Which may drag the market below the previous day’s closing. Options and futures – better to wait and watch avail gains after selling of your choice.

Movements in Banks, and financial institutions, this segment may try to give oxygen to the market, automobile, automobile tyres, paints, adhesives, fast food, FMCG, fashion, leather, paper, textiles, trades related to exports, defence, non-traditional segments, green energy, wind based energy, space related segments, chemicals, electronics and electricals, watch news related to electronic chips and EVs etc. Market basically is not in negative emotions.

INR may feel some pressure.

Nifty may remain within range of 150 points in Nifty. That means +75 and (-) 75 points for nifty.

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.