Daily Forecast – Share Market – December 26th, 2016

Pressure expected with low range | 7950 to 8050 Nifty expected

Again, this week is highly influenced with Rahu and Ketu. Indications are that market may show deceptive movements. They can give volatility and sudden changes in the market. We may see changes may start in the direction of the market after 29-12-2016.

I feel that market may be under pressure initially. I will like to be safe. Opening of the market may be based on some news or announcement from the government side or government agencies etc.

Big business house of the nation may be under pressure – may be due to own reasons or due to some legal/government related issues. So, trade wisely. Market may be in the range of 7900 to 8300 nifty point during the week.

Foreign linked trades may show movements, leather, electrical, electronics and defence related segments are good and may show some movement. Cotton, readymade garments, braveries and related segments like spirit etc. will be comfortable.

Indian Currency

Indian Rupee may trade in between 67.30 to 68.10 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.