Nifty Prediction : Lazy Opening possible | Wait and watch will be better
Daily Forecast – Share Market – December 26th, 2019
Lazy Opening possible | Wait and watch will be better
Ketu with Venus in lead with Jupiter, Moon and Rahu. Only Venus and Mars are unaffected with the Solar eclipse. Otherwise all the seven planets are involved in this eclipse. Market may look watchful. News based movements are possible. I will prefer to be watchful for the trend after the eclipse. Normally market, after such eclipse behaves under pressure. Here, news from banks their NPAs (or other issues) position may decide movements in the bank (particular). So, it will be better to look for the NPAs and move accordingly. Maximum impact is in the house of crude, insurance, insurance, banks and financial institutions.
Otherwise, influence will be on suddenness in the trade and ups and downs etc. Market will be opening in the peak of eclipse.
Crude may show some rise, which may influence petroleum and related segments. Keep a watch in the area of Paints, textiles, leather, automobile, metals, soya, IT, communication, web related segments (e-commerce), working of government (important).
I will like to wait to watch the trend and then move accordingly. Market may remain bit silent or slow or lazy in next few days.
Coming period may give an opportunity and direction of the trade.
Closing may remain around bases. Time to time, Pressure is also possible. Trade wisely. Global cues may remain silent or not much encouraging.
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.
Categories: Share Market