Daily Forecast – Share Market – December 8th, 2017

Nifty may look forward | Trade with care

Mercury is in lead with Ketu, supported by Mars, Saturn, Rahu and Moon. Mercury is retrograde, but came out of zone of planetary war with Saturn, which is combusting. Although Mercury is falling, but indicating that, will protect own house of banks and financial institution. Mars is also indicating that impact of foreign lands will be high.

Sell on rise will not be surprising.

Positive touch during the day can be continued, and may move ahead towards 10200 Nifty levels. Still, I will like to be safe, because lord off the Share market is on the verge of fall in coming days. So, Volatility in the coming period should not surprise.

It will be better to be safe by the end of the day, because week is ending, Geo-political conditions and national political conditions can play role in between.

Banks, engineering, textiles, leather, chemicals, drugs related, carbon black, rubber based, leaf based products may be showing some movements. Over all many segments may show movements, hence Mid-caps and small caps may be showing decent moves.

Garments, silk, IT, communication and related segments may be showing some movements. It will be better to watch IT closely, any time may give good moves in coming period.

Indian Currency

Indian Rupee may trade in between 64.25 to 64.90 per USD.

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