Daily Forecast – Share Market – December 18th, 2019

Nifty may look for 12200 | Government news important

Venus with Ketu is controlling the day and well supported by Jupiter, Mercury, Sun and Rahu. Saturn is indirectly active. Four planets are active in the house of crude, with the lord of house of crude. So, activities in crude is possible, and well protected crude. Indications are that strength from government may be announce or news from/for such announcement may give movement to the market or moral support.

Electric Auto manufacturer may move ahead, but what about their charging points? Time required for charging etc. is more important. I believe automobile manufacturer may be bit confused because of the policies. Now, they may start production, because of time of BS6 has started, so old one has to be cleared off. This may be one of the reasons to slow down their production and sales.

Whenever change in policy will be applicable, such issues may develop. Anyways, this may be one reason, but other reasons for dropping the market is purely based on consumption story. Focus of the government is in very interior area, so Urban area is bit ignored from long, that may be big reason, Financial issues are not addressed accordingly. Ultimately, this may hurt common man, because number of persons from very rural area (tribal) are also working in Urban area and they have lost their jobs also. Government is supposed to focus on all points (financial aspects also, because Tribal area is important along with Urban or Vis-versa).

Anyways, Market may have decent mood and emotions, still looking for positive news from government, because own base of consumption is not strong (currently).

Communication, IT, entertainment, logistics, leather, textiles, Paper, Jute linked segments, companies involved in bio-med based products, Pathology labs, analytical business, packaging, automobile and tyres, ancillary, electronic instruments, communication instruments and entertainment instruments, and many more segments will be in action, 80% of planets are active.

Nifty may look for 12200 or so.

Trade with care and enjoy ride.

Indian Currency

Indian Rupee may trade in between 70.50 to 71.40 per USD.

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