Daily Forecast – Share Market – December 1st, 2023

Nifty may look for 20225 | Watch for Volatility

Nifty may plan for New levels in coming period

Ketu, Mars with Saturn are leading the day, well supported by Jupiter and Rahu. Geo-trade situation will be supporting along with news related local political issues. Ketu is again indicating – rise in the market. Nifty may show jump in the opening session.

Last day of the week and first day of the last month of 2023. News from government will again be giving support to the market.

Crude oil will be around 80-85 USD. Currency is weak since long, again will be maintaining above 83.30 against USD. Nifty may be looking for the upper levels and may look for 20225.

Remember, on Sunday – political results will be clear. So, impact on the market may be seen on 04-12-2023. So, after the upper levels, market may show volatility. Whereas market may further show jump (possibility). Volatility chances because of retrograde Jupiter is also in leading position for the day.

Crude oil production cut is on. So, chances of rise in crude oil prices may be seen. Remember, Brazil may play some important role to control prices of crude oil in coming months.

So, inflation in the coming period may be seen. Again, changes in global economy may be seen in coming year, because of Election year for US, which gives impact on their market and accordingly global also.

We may be showing our movements in May 2024, changes for Jupiter will be seen during that period.

Now, Nifty may look for 20225 and above. Volatility will not be a surprise.

Remember, now government will be in General election mode, so, policies can be to influence common man (may be impact in coming months can be tough on economy).

Areas like Auto, banking and financial institutions, power, defence related segments, chemicals, acid, gas, textiles, leather, paper, metals, wine, alcohol, sugar, glycol, and related segments, oil exploring companies, rubber, logistics, aviation (defence), missiles, drone and related segments for manufacturing, electronics and electrical etc. will be interesting. Many more may remain active.

Nifty may be preparing for upper levels. Government may start action for the coming 2024 election (general), because gap is short, and government is always look for the planning for the election or better to say (lection mode).

Indian Currency

Indian Rupee may trade in between 82.70 to 83.50 per USD.

Please like my Facebook page @ https://www.facebook.com/AnoopAstroSutra.

** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.