Nifty Prediction : Nifty may look for 12300 | Upper levels trimming possible
Daily Forecast – Share Market – December 30th, 2019
Nifty may look for 12300 | Upper levels trimming possible
Last two days of the 2019, market looks like enjoying year end. Venus with Ketu are holding the key of the day with support of Mars, Moon Jupiter, Rahu and Sun. Indications are that lord of banks and finance is supporting own house, although is heading towards combustion within few days. Lord of crude oil is combust but Sun is moving ahead of the lord, so, again rising in crude prices possible, it may move ahead of 70 USD (this will not be surprising). Global cues wise, levels of crude oil stock in US is low, and Syria and Iran conflict may be one of the reasons.
INR is under pressure. Nifty may be looking for 12300 in coming period although with some with some pressure on upper levels (may be minor). So, range for the nifty may remain 12200 to 12300.
Cash market may remain better because of holiday mood and global mix cues. Automobile may try to revive its levels in coming year with Forging companies. Automobile tyres will start showing movements (fast) only when economy will be moving or start moving with better speed, because is linked with the movements of vehicles and that will be on flow after gearing up of economy and proper demand in the market. Don’t forget 50% market is for truck and bus tyres.
On date, I believe that banks, financial institutions, automobile, forging, and many better equities may be moving. Reason is seven planets are moving or active out of nine. Moon is forming strong bond with Venus, so, information from ministry is awaited, which may give some news. IT, communication and entertainment with travels or hotel industry may be showing movements.
Alcohol, spirit or related segments may be showing better movements. Cotton, electronic products etc. may be looking better during the day.
Trade with good equities only.
Indian Rupee may trade in between 70.70 to 71.70 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