Daily Forecast – Share Market – December 18th, 2017

Nifty Looking for 10400 | Gap-up opening possible| Trade with stop-loss

Mercury retrograde, Ketu are leading the day with support of Moon, Jupiter and Rahu. Mercury is slowing down its speed for us, but still ready to give its results with Ketu. Indications are clear that due to political impact market will show swing. Gap-up opening expected.

Correction from the upper levels possible. This week may give Nifty a level of close to the level of closing of December 1st, 2017 or opening of December 3rd, 2017. I agree that other planets and reasons may not allow so easily for such correction. So, chances are there for correction, but level and mood is decent and good.

All segments are active so, it will be better to trade and move accordingly. But strict stop-loss will be good for the trade.

Nifty may look for 10400 levels. Political movements are important for the day. Announcements from Government is possible shortly, which may influence public and market.

Indian Currency

Indian Rupee may trade in between 63.75 to 64.50 per USD.

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