Daily Forecast – Share Market – November 29th, 2023

Nifty planning for 20000 | Second half may show suddenness

Ketu, Saturn, Mars and Rahu are controlling the day. Ketu in lead indicates again a positive move during the first half of the day will not be a surprise. Possibly after first half some volatility may be seen.

Nifty may be planning for 20000 as earlier I had mentioned in previous posts. Shortly we may see 20000 ‘mark’ for Nifty again. Nifty may again try to come back from 19800. But if touches or crosses (Nifty) 20000, then wait for long because after this a dip (big) will not be a surprise.

Trading for the day is a way for today. Remember, stock investors – it is always advised to hold, wait and earn the money from good companies.

Defence based news for companies will be interesting. Keep a watch. Watch food chain movement. If required, then sell on upper levels.

Areas like Alcohol, wine, spirit, metals, defence, communication instruments, radar, signalling equipment, sea related areas, oil marketing companies, watch gold & silver, Tomorrow’s market will be based on foreign news and with the waiting impact for political movements in coming period. Political news in tomorrow’s evening will be important for Friday’s market.

If market shows gap up opening then wait for some time then move for the day.

Nifty is planning for 20000. Stoploss at 20000 on upper side and 19800 at lower side 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.