Daily Forecast – Share Market – December 31st, 2019

Nifty may feel heavy on Upper side | Small target buying at low

Last day for the current year 2019. Mood of the traders will be for planning their New year. Rahu, Ketu and Venus are leading with Saturn, Moon and Sun. Two planets – Rahu and Ketu, can give volatility at any time during the day, range may be not so high. Like previous working day, market may look heavy on upper levels and come back to near about 12175 or so.

Utha Patak if any, will not be surprising.

Currency is still bit high; crude may maintain its levels.

I will prefer to play safely on this last day of the year and wait for next few days when planets will be bit healthy and able to give proper direction.

Banks are looking better with financial institutions. Important is Rahu is active with strength, can give spike in either direction or can give deceptive directions also. It will be better to buy or sell with care.

Traders may get an opportunity to trade within 40-60 Nifty point levels. So, it will be better to trade as a Yearend holiday mood.

Anyways, areas may remain active – Banks, financial institutions, crude related segments, shipping or sea linked areas, laboratories (pathology or any other which is involved in analysis), gems, Gold, silver, leaf based and entertainment etc.

Trade with care for cash traders.

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.