Daily Forecast – Share Market – December 23rd, 2019

Nifty may try to look 12300 | Profit bookings-upper levels possible

Jupiter, Venus and Ketu are holding the key with support of Mercury, Sun and Rahu. Moon will be changing its sign and house at 11:59 Hrs (IST). It will be a one-day short week and having solar eclipse on 26-12-2019, which may be active at the time of opening of market also. This solar eclipse will be influencing house of banks and finance and crude, research, analysis, along with the lords of Banks and finance, judiciary, karma, religion and involvement of Sun, Moon, Rahu-Ketu.

I believe that for the intra-trader(s) market is looking for 11300 of Nifty, but for long term investors, it will be better to wait for the eclipse and see trend, then move accordingly. Possibly may get better chances after eclipse. Normally, after solar eclipse, market faces some down-side of movements. This time 5 planets are involved + Rahu. This may give global impact according to their horoscopes.

Traders can enjoy some movements. It will be better to trade with guards. Avoid long. As mentioned in my earlier posts that crude may be rising, and results are accordingly. On date, lord of the crude oil is combust so, we may see some pressure on crude oil for few days.

Activities can be seen in Banks, financial institutions, Petroleum, insurance (look for opportunities in coming period), automobile, metals, electrical and electronics, cotton, spirit, wine, alcohol etc. It will be better to keep a watch on IT, communication and entertainment etc. along with logistics.

There many other sectors like chemicals, carbon black, rubber, leaf-based products etc. may also show 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.