Daily Forecast – Share Market – November 19th, 2024
Nifty may show buying at lower and look for 23550 | Avoid fresh new trade
Saturn with Rahu leads the day, well supported by Moon, Mars, Jupiter (Retrograde), Mercury and Venus. Again, the entire horoscope is active. Moon is forming a wonderful relationship with Venus which is in exchange position with Jupiter (retrograde), may try to give some positive indications but other planets like Saturn and Rahu will be playing their role. Rahu may try to give a wave like movement.
Possibly today, market may show some buying from lower levels. Even then, I must suggest, it will be better to wait for fresh entry. Avail this time to clear old but trapped trades. Possibly, before end of the month, giants may try to clear their old trapped, before going for new one.
Still FIIs and other foreign investments are not giving any positive signal for the stock market. I agree that government data for unemployment is bit improved, because of some movements in SMEs sector.
I cannot rule out possibility of Ups and downs in the market. Rahu may try to influence the emotional touch for IT, dairy and banks. Automobile and ancillaries can wait. Movement can be tricky. Still, any company linked with AI is showing movements (globally), Sugar, alcohol, edible, space and defense still better for long term, watch for renewable energy and other non-traditional segments.
Midcaps and small caps may also show some movements. Possibility of buying at lower levels. Trimming on upper still possible.
Indian Currency
Indian Rupee may trade in between 84.10 to 84.70 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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