Daily Forecast – Share Market – November 22nd, 2024
Shanidev – in mood for Justice | Nifty may try for recovery | Shark ahead
Saturn with Mercury leads the day, well supported by Moon, Mars, Rahu and Venus. Indirectly once again entire horoscope is active. So, movements in many segments can be seen. It will be better to watch banks and financial institutions, Movements may give some impact on the market.
Lord of share market and banks is preparing to change its chaal (direction of transit) on 26-11-2024. That means this lord is slowing down its speed for us. Indicating that trades may be bit watchful, reason is news from foreign nations and impact on someone. Government agencies may try to hold the levels, but it will be better to trade wisely. No fresh entries.
Watch results of various companies, which can be defining way to read the movements in coming period. Shani dev may try to give some justice to the giant traders also.
Now, market will be waiting for the Assembly elections from Maharashtra (especially). I believe, market is again sure that ruling government may repeat (according to the Surveys), but we all know that in past elections, these surveys have lost their creditability. So, for final movements wait for results. Secondly, news from US had already affected the market on previous working day.
Nifty may try to show recovery from previous levels and look for 23400. Stoploss at 23100 will be better. Still linkage of emotions with foreign news/cues will be important. Watch with care.
Judiciary or agencies – watch news and announcements during the week.
Trade with wise movement.
INR may lose its base of 84.50 against USD shortly. Crude oil may try to look for 75 USD (Brent). Use the wind and news in your favour.
Indian Currency
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