Daily Forecast – Share Market – December 3rd, 2018

Nifty looking Positive | Looking for 10950

Saturn with Mars is leading the day, well supported by Sun, Mercury, Venus and Rahu. Mercury is retrograde but has come out of shadow of Sun. Indicating that market may show positive moves and gap-up opening will not be surprising. In coming period Nifty may look for 11000 level or try to look for 11000.

Mood of the market is positive, I feel that Political issues will also be important and keep a watch in coming period in the coming week, because Mercury will start transiting direct.

Textiles, chemicals, drugs, agriculture related announcements and issues, agriculture produces like rice, sugar etc., electrical and electronics with Vehicle, automobile segments, crude and petroleum, gas, petroleum products, rubber, carbon black, solvents and related segments may be doing better.

Banks, financial institution, fibre, IT, spirit, distillery, and related segments may be doing better. Keep a watch on cement, paint and building material segments.

Judiciary, government institutions, political movements and geo-political/market – keep a watch, may give impact on the trade in coming period. US and China have negotiated for a while to avoid Trade war, which may be giving impact on the market.

Indian Currency

Indian Rupee may trade in between 69.20 to 71.00 per USD.

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