Daily Forecast – Share Market – December 2nd, 2019

Market Looking for direction | Traders wait and watch

Rahu, Ketu and Venus are highly active with support of Mon, Saturn, Jupiter and Mars. Local cues may not be comfortable, but foreign cues may give influence in the market. As in my previous reports time to time I have mentioned that impact of economy slowdown will be important.

Indications are clear that government must take necessary steps with the help of proper economists, to recover from the levels, otherwise in next nine moths when Rahu and Jupiter axis will be active, it will be a tough task for banks and finances of the nation.

Government activities to announce something on Fridays may boost share market but how long? Real market is based on consumption, employment and manufacturing etc. Index may be on the upper levels because of previous works by the nation, but as I have mentioned in my report of December 2016 that impact can be seen after April 2019 is now clear. Economy and elections are two different points, but in future, employment issue may be important and then national/regional security.

Pressure on upper levels will not be surprising, planets may give unexpected movements also. Venus is entering in planetary war with Rahu, real impact may be possible on next working day, when Venus will be defeated in planetary war.

Nifty may open close to previous day’s closing.

Action can be seen in banks, financial institutions, keep a close watch on Yes bank, Engineering, metals, IT, communication, leather, textiles, spirit, shipping and sea related segments, petroleum, gas, announcement from government or agency. Pesticides, agriculture produces, electrical and electronics etc. may show movements along with other segments.

Profit booking on upper levels possible.

Indian Currency

Indian Rupee may trade in between 71.00 to 72.00 per USD.

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