Daily Forecast – Share Market – November 27th, 2024
Local indications indecisive watch foreign cues | Volatility Possible
Saturn with Mars leads the day, Moon, Rahu, Mercury (Rx) and Venus. Indications are that impact on agriculture related issues and segments, mines, minerals and related areas can also be seen during the day.
US market may be indicating some better recovery, but Asian market may remain mixed or weak. Our market may also be indecisive. Some upside movement and then profit bookings on upper side will not be a surprise.
Importantly, our market may show some better moves, because of ceasefire in between Israel and Hezbollah. Some recovery possible, short covering possible, but stoploss at 24100 will be important. Market is not breaching important levels, indecisive indications. But planets are indicating that lord of share market is gaining speed on retrograde transit position. On the upper side stoploss around +100 points of Nifty’s previous close. Banks may also be deceptive.
Midcaps and smallcaps may be showing movements, for small trades gaps one can trade. Just calculate your commission and taxes and move. Trade for self, not for broker or anyone else.
Shani dev may do some justice or news from Judiciary can be seen during the time – may be local judiciary or international Judiciary. I also agree that our government may ignore international judiciary news. In contrast some other news may also come.
Digital segments are (not strong in India at present), no one is considering stagnancy in IT, which means growth is not seen in product development, renewable energy, and many more may remain active.
Nifty may remain within range and pressure on upper side quite possible. Volatility also possible. Crude oil may remain within the range of 70-75 USD.
Indian Currency
Indian Rupee may trade in between 84.00 to 84.60 per USD.
** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.
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