Nifty Prediction : Buying from lower levels possible | Pressure on upper levels possible
Daily Forecast – Share Market – December 21st, 2021
Buying from lower levels possible | Pressure on upper levels possible
Sun with Saturn leads the day, well supported by Ketu, Jupiter, Venus, Mars and Moon. Indications are that emotions of the market are not comfortable. Support from FIIs will be important, but I am bit doubtful about this. Buying from lower levels can be seen but selling on upper levels will not be surprising. That means buy on dip will be better.
Crude is still not comfortable, due to pressure on demand due to OMICRON/rising cases of CORONA. Netherland has imposed complete lockdown till January 14th, 2022.
Areas like IT, communication, power, automobile ancillary, EVs and electronics, defence, power, research and analysis, laboratories, communication, chip, electricals, paper, leather, fertilizer, textiles, chemicals, pesticides related, silk, cotton, pharmaceuticals, chemicals, and many more segments like space, shipping or sea related areas may be showing movements with others.
Trade with sharp eyes and keep a watch on news and other related issues. Global activities will be important
Indian Rupee may trade in between 75.00 to 76.00 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