Nifty Prediction : Nifty may show 100+ points or so | Emotions better

Daily Forecast – Share Market – December 23rd, 2021

Nifty may show 100+ points or so | Emotions better

Sun with Saturn is leading the day well supported by Mercury, Ketu, Venus, Moon and Mars. Banks and foreign cues may be supportive for the day, along with IT etc. I feel that despite of fear of COVID and Omicron, foreign cues may remain active and supportive for the day.

Countries have started imposing restrictions on Christmas and New Year celebrations etc. Imposition of Lockdown has also started in European nations (few countries). This is also fact that organizations are trying to fight with all the variants of Corona. China is also facing issues with Corona.

INR may improve its position to USD. Crude may show rise, which may give impact on crude oil exploration companies.

Nifty is prepared to cross 17000 points and may gear up for 17100 or so. Pressure from FIIs may be bit less, in comparison to previous days.

Movements for Automobile, automobile ancillary, agriculture related automobile, EV and related segments for future will be better, defence related segments with space, IT communication, pathology lab with Pharmaceuticals, health care and health related insurance may remain active. Keep a watch on lubricants, chemicals, electronic and electricals, engineering etc.

Market may remain positive but be cautious. Avail opportunities. Nifty may look for 100 points on the positive side

Indian Currency

Indian Rupee may trade in between 75.00 to 75.80 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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