Daily Forecast – Share Market – November 21st, 2024
Nifty look for 23650 | Stop loss @ 23325 | Emotions defensive
Mid caps and Small caps may remain interesting
Saturn with Mercury leads the day, well supported by Moon, Mars, Rahu, Mercury and Venus. On date, Saturn will be in a better position. But other planets like Venus and Jupiter are in good connection, lord of bank is also forming relationship with Jupiter (retrograde), indicating because of local issues, banks may show volatility.
Midcaps and small caps may remain interestingly impressive. Nifty may also try to look for 23650 levels. But it will be better to watch the trade in the last hour. Which may give some planning for Thursday’s session.
Gold may also show some volatility. Bitcoins can also play some deceptive roles.
IT, banks and financial institutions, leather, alcohol, renewable energy, defense related segments, communication, logistics, fashion industry, power, other sources of energy may remain important for the day or for the coming period. Sugar and its byproducts may also look for movements. Inflation and other issues related political results in coming time will be deriving the direction of the market.
In other words on 26-11-2024, lord of share market will start transiting retrograde, which may give changes in the trend of the market.
Watch before planning for investments. FIIs and other institutions like FPIs may play bit complicated role. Watch VIX also.
Nifty stoploss at 23325 will be better and may look for 23650 levels. Crude oil may remain in between 72-75 USD. INR may look for 84.50 in coming time against USD.
Indian Currency
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