Daily Forecast – Share Market – November 12th, 2024
Nifty trying to move above 24250 | Sentiments suspicious, Pulling back
Planetary movements (changes) distracting sentiments. Slow movements
Saturn (Rx) leads the day, well supported by Moon, Mars, Rahu, Jupiter, Mercury and Ketu. Shani Mahadev is slowing down the speed for us and heading for the changing its transit position. Which may be influencing many aspects related to business, nation, human, Justice system, Policies or announcements either after 15-11-2024 or just before the weekend or during the week.
This Market is still watchful on either side. Casual traders can watch and look for the settling down the direction. Whereas hardcore traders can trade with proper safeguard.
During the past few attempts market had tried to pickup from lower levels and fallen to the previous closing. Rahu Ketu are playing their role of ups and downs, whereas entire horoscope is also active. Venus is active because of exchange with Jupiter. So, trying to give gains to few and jhatka to others.
I believe that Nifty may again try for above 24250 levels, but due to other issues (practical), and foreign investors are not ready (at least at the moment) in our market (it seems from their withdrawals of funds). They had anticipated movements in US market for a while, so moved in that market.
China has announced simulation, so that is another market of interest – with big base.
Midcaps and small caps may show movements. Look for opportunities in banks for trading (short term) purpose only. IT and other areas may indicate some planning for the future.
I must suggest to wait and watch and look for the opportunities at lower levels. Only issue – Giants of the trade, can play their smart game and casual traders may face some concerns.
Nifty may again look for 24250 and try to retain levels above 24200, but remember, stoploss at 24050 will be better. Planetary movements are ready to change their houses and signs. And Intentions of the market is also looking for the moments and trigger.
Indian Currency
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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