Daily Forecast – Share Market – December 17th, 2021

Nifty may test 17150 | Trade may remain ups and down

Sun, Ketu, Saturn and Moon are leading with Mars. Foreign cues are giving impact on the house of banks and others. Foreign cues are mixed. Impact on the global market may be high due to Virus related issues. Omicron is threatening the world with fast growing cases. In India cases are rising, at the stage are not so alarming but rate of spread is alarming. It will be better to take necessary precautions and avoid the health related issues.

Keep a watch on FIIs, foreign issues or impacts are affecting banks and other related areas. Nifty is trying to recover, but other issues and foreign issues and threat to pandemic related issues are disturbing the same.

Period to trade with strong guards. But again, remember this period is giving opportunity to look for good equities at better rates. Nifty may test 17150

IT, communication, space, defence, chemicals, drugs, logistics, automobile, EV, and others may remain active. Remember, other segments will also remain active but on either of the direction.

Trade with care, market is slippery. It’s a last day of the week, so strict safety measures are important

Indian Currency

Indian Rupee may trade in between 75.60 to 76.50 per USD.

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