Daily Forecast – Share Market – December 27th, 2019

Opportunities Possible | Range bound trade not surprising

Ketu with Venus is holding the key of the day with Rahu, Moon, Jupiter and Sun. It’s a day after Solar eclipse, market may be bit deceptive, so it will be better to let the market settle down before sailing for trading or business. Ketu in command, may give some positiveness to the market or due to geo-trade or reasons, market may show some positivity.

I will prefer to be careful, for banks and financial institutions, Petroleum related segments, IT, communication etc. Hotel may be showing some movements.

Normally, this may be one of the shy days for business purpose, but I feel that market may be looking for providing buying opportunities at lower levels. Nifty may be in the range of +/- 75 points. Ups and downs will not be surprising.

It will be better to watch banks and financial institutions, company like which has maximum weightage for Nifty levels, FMCG, and leaf-based segments.

Automobile is looking for some opportunity, Mid-caps and small caps are also waiting to go for run but are still under pressure.

I will prefer to look for the opportunities at the lower levels. Nifty may be in the range of 12050 to 12200. Trade accordingly.

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.