Nifty Prediction : Nifty may look for 10975 | Indications are bit lazy

Daily Forecast – Share Market – December 19th, 2018

Nifty may look for 10975 | Indications are bit lazy

Venus, Jupiter and Saturn are leading the day with support of Sun, Rahu and Ketu. Indications are that even though Foreign cues may not be very supportive, but currency and crude may play as support. I feel that Nifty is again looking for positive side movements – Possibly 0.60% or so. Still, due to combination of Rahu and Ketu, some volatility is possible at any stage, so trade accordingly.

Communication, engineering, technical of communication, IT, logistics, Pharmaceuticals, leather, textiles, transport surface transport including Railways related, banks and financial institutions, media, automobile tyres, automobile related segments, paint, cement, ceramics and sea-related segments.

Keep a watch on crude and global cues/local political activities, which may give an additional touch to the market.

Pesticides, ready-made garments, communication and entertainment instruments etc. may be doing better with silk, chemicals, carbon black etc.

Indian Currency

Indian Rupee may trade in between 70.00 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.

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