Daily Forecast – Share Market – December 24th, 2021

Weekend market | Buy on dips | Stop-loss important

Ketu, Saturn with Sun are leading the day, well supported by Moon, Mars and Venus. Indications from global cues are positive. Indications from petroleum crude – may improve its levels. Time has come to take precautions related to OMCIRON, even then look for opportunities.

Market may try to look for better levels. In India, main buyers from middle class are still missing, reason is their unemployed positions. So, local market depth is still underutilized.

Keep a watch on FIIs for cash buying/selling.

I believe buy on dip will be better. Wait banks, look for opportunities. INR is under control in comparison to previous days. Keep a watch on companies related to pesticides, virus or biotechnology based sectors will be better. Companies related to Optic fibre or defence may give some moves.

Movements in communication instruments, electronic gadgets, power, infrastructure, automobile, leather, textiles, pharmacy, healthcare, pathology laboratories, defence or defence linked products manufacturer, space, radar, IT, communication, leaf-based, coffee, FMCG, metals and many more segments may remain active.

Time is still on to trade with care. Buy on dips will be better. Weekend market.

Indian Currency

Indian Rupee may trade in between 74.30 to 75.10 per USD.

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