Daily Forecast – Share Market – December 12th, 2019

Nifty may look for 12000 | Trading range still 11800-12000

Venus with Saturn, Rahu, Ketu, Mars, Jupiter and Mercury is controlling the day. Indications are that market may look forward with the indications from foreign cues and FIIs. All together seven planets are active directly. Indirectly, remaining two planets are also active. It means movements in all the sectors can be seen, but not cannot be positive in all the segments, but mainly positive.

I feel that market Rahu may help to regain previous levels during the day for nifty. Political statements and other statements are different issue. Public unrest on various issues possible. Crude oil may further improve its prices, currency is under control (INR).

It will be better to enjoy the ride, but not advised for long positions. Avail opportunities to buy at lower levels and if required then sell on upper levels.

Textiles, leather, Paper, Pharmaceuticals, dye, carbon black, chemical, Banks, financial institutions and likewise segments may be showing movements. Alcohol, cotton, wine, rubber products, communication instruments, FMCG and automobile equipment may be showing movements.

It will be better to look for Midcaps and small caps also. We may see movements.

Trade with strict stop loss, because Rahu is active with Ketu, any time sudden movements can change direction of the trade.

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.