Nifty Prediction : Intraday traders may wait | Consolidation not surprising

Daily Forecast – Share Market – December 20th, 2019

Intraday traders may wait | Consolidation not surprising

Ketu and Venus are leading the day with support of Rahu, Jupiter (combust), Sun, Moon and Mercury. Global cues and local issues are not comfortable. Planets are indicating that Mercury is bit low, Jupiter is combust, other planets are also not very supportive for the period. Moon is active. Mars is not giving positivity to the nation at present, we may come to know foreign involvements in many cases. Heading for shadgrahi yog at the time of solar eclipse, which may not give decent results for various parts of world, including India.

I will prefer to be watchful for the period. Let the market consolidate or settle down for a while. Stock specific movements can be better, instead of going for Nifty or other indexes for a while. Intraday traders can look to protect their funds, money for the time. Only sharp traders can do trading.

Investments look for good equity at lower levels and can get rid of weak or tired stocks at upper levels for a while (if you want). There are companies, which have given good runups and may look for bit wait like banks and financial institutions, look for insurance equities, automobile available at lower levels (decent companies).

Movements wise we may see movements in chemicals, leaf based segments, IT, communication, e-commerce linked, spirit, alcohol, cotton, textiles, leather, paper, infrastructure, and likewise many more segments may give decent stocks/equities. Look for opportunities but can wait for a while also.

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.

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