Nifty Prediction : Nifty not comfortable | Global cues important

Daily Forecast – Share Market – December 4th, 2019

Nifty not comfortable | Global cues important

Rahu and Venus are key for the day with support of Ketu, Jupiter and Mercury. Again, house of Ocean/waves/profit-loss and bank/financial institutions are highly active and may remain active in coming period also. Suddenness or recovery for unrealized profits an be seen in this period. Local emotions are not positive because of the manufacturing and business issues.

Resulting poor consumption, business houses will be bound to come with cut from their profit share etc. Next step will be curtailing of production and reducing staff/expenditure etc. I think we are already on the second step.

Anyways, we must know that combination of Venus and Rahu is like Chand and chakori, they can be attracted to each other, waves can be seen, but unable to deliver the best. Petroleum may get some advantage. INR may feel some pressure.

Market is looking in the same shape as it was previous working day. I believe that market may give opportunities for small trades not for big one on either side, so it will be better to avail this opportunity (for traders).

It’s not a time to invest for long. Better to wait and let the market come to 100-150 points of Nifty. Opportunities for long may be seen after such cooling down.

Global cues may be important but local situation as of now is not much supporting. Pressure on upper levels possible.

Activities (either side) in the area of banks, financial institutions, pesticides-based companies, bacteria-based segments; pressure on automobile, textiles, and many more possible.

Trade wisely. If required, then wait for a while. It is also important to guard money, instead of losing for the sake of involving or buying and selling.

Indian Currency

Indian Rupee may trade in between 71.30 to 72.20 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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