Nifty Prediction : Be Patient | Volatility not surprising | Opportunities possible

Daily Forecast – Share Market – December 6th, 2021

Be Patient | Volatility not surprising | Opportunities possible

After effects of Solar eclipse Possible

Sun with Mercury leads the day, well supported by Moon, Mars, Jupiter, Saturn and Venus. Indirectly entire horoscope is active. Three important planets are with Ketu and in the axis of Ketu/Rahu. Otherwise, planets are bit better to performance. Market may enjoy the after affects of Solar eclipse in coming period. Market may show pull back from the lower levels. It will be better to be patient, let the market settle with the direction for the coming days.

I am bit positive for the market. Also agree that impact of OMICRON impact will be Key for the market. Increasing threat of the OMICRON may affect the sentiment of the people in coming period.

Local news may also give impact to the market. Foreign trades, defence and other issues from abroad may affect the market. Keep a watch on banks and financial institutions along with trades related to defence, leather, textiles etc.

Market may remain within range but with positive touch (may be weak but positive touch). Foreign cues may also be improving.

Areas like Banks, financial institutions, e-payment, e-commerce, IT, communication, web, e-entertainment, renewable energy, power, cement, automobile tyres, ancillary, oil marketing companies, batteries, insurance, infrastructure, agriculture related areas including pesticides, chemicals, pharmaceuticals, health care laboratories and many more areas may affect the market along with many more segments like electrical and electronics.

Nifty may show Volatility and within range from 17050 to 17350.

Indian Currency

Indian Rupee may trade in between 74.70 to 75.60 per USD.

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** Before investing or trading please check technical aspects also, it’s a reading based on planetary movements.

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