Indian Share Market Possibilities on Monday, 20 November 2022
Indian Share Market Possibilities on Monday, 20 November 2022 The Indian share market is likely to open flat to slightly positive on Monday, 20 November 2022, tracking mixed global cues. The market is expected to remain volatile in the near term due to concerns over rising inflation and interest rates. However, some support could come from positive domestic factors such as strong economic growth and healthy corporate earnings. Technical Outlook The Nifty50 index is currently trading above its 50-day moving average but below its 200-day moving average. This suggests that the market is in a consolidation phase. A breakout above the 200-day moving average could lead to a fresh rally, while a breakdown below the 50-day moving average could trigger a correction. Key Support and Resistance Levels Support: 17200, 17000 Resistance: 17400, 17600 Factors to Watch Global cues Trend in foreign institutional investments (FIIs) Inflation data Interest rate movements Corporate earnings Overall Outloo...