Nifty Prediction : Foreign cues bit low | Political and Economy low | Planets are positive

Daily Forecast – Share Market – December 16th, 2019

Foreign cues bit low | Political and Economy low | Planets are positive

(Solar Eclipse ahead)

Mercury and Venus are controlling the day with another five planets – Saturn, Ketu, Rahu, Jupiter and Sun. Indications are that market may move with positive note, currency may remain under control, but big point of concern is GDP at lower side and inflation is on the higher side. This seems to be negative side of the economical movements. Still, market may open with close to previous day. Foreign cues may be bit tough or keep a close watch on foreign cues.

Sun is also ready to move in the Sagittarius sign, lord of Parivar is in the chhidra house with Saturn (transit – both). Issues, related to decisions may be higher side, unrest among political parties may further go up along with public (may be political or any other reason).

Foreign cues may be influencing the market but otherwise also chances are to improve from the base of Index. Still, economic growth is weak, so I will like to be watchful for long term investments in equities. Traders can trade wisely in such conditions the day. We must be watchful, till government start conversations on Economy.

I believe market may begin with tired mood or with close to previous day (percentage wise) on either side.

Although, seven planets are active, so movements in the market will be seen. Activities can be seen in the area of crude, petroleum, currency is holding its levels.

Petroleum products, automobile, ancillary, batteries, infrastructure, insurance, banking and finance, chemicals, alcohol, non-traditional areas, IT, communication, entertainment, metals, and many more.

Movements in Mid-caps and small-caps also possible.

Trade with keeping an eye on Foreign cues and local political movements. That can be changer.

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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