Daily Forecast – Share Market – December 17th, 2019

Positive Opening possible | Range of 12200 -11800 of Nifty

Ketu with Venus is leading the day, well supported by Jupiter, Mercury, Rahu and Sun. Indications are that currency may show weakness, Lord of the crude oil is holding its position to protect the levels of crude. Possibly market may look for upper levels by 50 points of Nifty or so, and profit booking on upper levels will not be surprising. Percentage wise movements will not be so big.

Areas looking bit better can be Jute and paper for the coming period. Petroleum segment or products may face some rise in prices, which may give impact on the market. Lord of the foreign issues is indicating that influence of foreign cues and FIIs can be seen during the session.

Market has long range of 400 points 12200 to 11800 of Nifty levels before closing of the month. Trade with stop loss. Bank Nifty may also show buying at lower levels and on upper may booking of profit.

It will be better to look for paper, jute, cotton, leather, research-based segments, Pathology labs, IT, communication, automobile, automobile ancillary (be watchful) also.

Gems, Gold, alcohol and many more are ready to take guards – but watch with care also.

Sudden turn in the market may not be surprising, but Ketu may give some positive movements.

Indian Currency

Indian Rupee may trade in between 70.50 to 71.50 per USD.

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