Nifty Prediction : Profit booking Possible | Nifty may look for 11000 | Stop-loss IMP.

Daily Forecast – Share Market – December 20th, 2018

Profit booking Possible | Nifty may look for 11000 | Stop-loss IMP.

Sun, Jupiter and Saturn with support of Rahu, Ketu and Venus are controlling the day. Indicating that market may remain positive and look for 11050 in coming period. But confusions or lack of confidence may lead to Profit booking from upper levels. Rahu and Ketu are confirming the same, which may give some ups and downs in the market. Overall situation seems to be positive with impact of global cues/local cues. Banks, currency and crude may show better movements, which may influence market.

Development related segments, infrastructure, metal, automobile tyres, water related segments – includes storage too. Synthetic, Paints, cements, Batteries (automobile and domestic), Leather, Textiles, engineering, electronics, electrical with communication instruments, media, IT, with travels and tours etc. may show profit bookings.

Keep a close watch on Judiciary and Government/government machinery announcement.

Public dissatisfaction or partner’s dissatisfaction may be cause of concern for the government and impact may be seen in coming period from Government and from public and partners.

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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