Nifty Prediction : Keep a watch on Global & Political cues | Buying form Lower levels possible

Daily Forecast – Share Market – December 24th, 2018

Keep a watch on Global & Political cues | Buying form Lower levels possible

It’s a short week for the trading purpose. Tomorrow, market will remain close, many foreign trades may not be in full swing due to Christmas.

Jupiter is leading the day with support of Sun, Mercury, Saturn, Ketu and Venus. “Anterdwand” can be seen during the day. It seems that market may look for opportunities from the lower levels. After a long chopping of the equities. Waves are possible, crude is in India’s favour. Which may support to petroleum and related companies like automobile tyres, paints, solvents and many more like synthetic yarn etc.

Previous day’s cues from foreign trade may have some impact on the market. So, this market may show slow or lazy Opening or dull opening.

Cotton, communication instruments, entertainment instruments, or electronics with electrical goods may be doing better. Petroleum, spirit, alcohol and related segments may be doing better.

Paper, textiles, leather, Pharmaceuticals and many more with agriculture produces, Petroleum,  banks and financial institutions along with building/infrastructure and related materials like cement, paint etc. may be giving impact on the market on either side. But unknown reasons will be important to handle this market.

FMCG, ready-made garments and silk etc. may be better.

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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