Nifty Prediction : Gap-up Opening possible | Opportunities for Option traders
Daily Forecast – Share Market – December 13th, 2019
Gap-up Opening possible | Opportunities for Option traders
Mercury, Jupiter, Saturn, Ketu and Sun are supporting Venus and Rahu. Again, directly seven planets are active, and Moon can show its activities also, which is in conjunction with Rahu. Six, planets are activating house of banks, finances, house of ocean, shipping, Crude etc. I believe this may again give opportunity for Nifty to move above 12000, which can be important for the index to hold.
Currency is holding its bases. Government data may not be encouraging for past few months, but still movements can be seen, solar eclipse is ahead of 13 days. Movements are possible.
It will be better to avail opportunity to sell on upper levels (as and when required) and wait for the opportunity at lower levels. Whenever we are close to any eclipse, always trade with care (proper stop-loss)
Crude is not supporting. Even then foreign cues will be helping local market.
It will be better, if market opens with Gap-up (big), better to trade with Options.
Equities for cash market – look for good companies at economical rates and then enter. Few equities had provided chances to average upper levels in their company’s equity.
Movements in maximum segments can be seen along with mid-caps and small caps.
Textiles and Paper with leather will be showing action. Crude is rising which may hurt Petroleum segment. Activities can be seen in aviation, banks, financial institutions, insurance, home-financing, automobile, automobile ancillary, communication instruments, alcohol, and related segment.
Activities can be seen in Gems like Yellow sapphire and likewise also. Action in IT (but ups and downs also possible), entertainment, communication, FMCG and Infrastructure, cement and likewise areas.
Nifty may look positive. Gap-up opening not surprising.
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.
Categories: Share Market