Nifty Prediction : Profit booking possible | Mid-caps & small caps interesting

Daily Forecast – Share Market – December 29th, 2021

Profit booking possible | Mid-caps & small caps interesting

Sun is leading the day, well supported by Moon, Mars, Rahu, Venus, Saturn and Mercury. News from government agency or government organization may support banking area, Keep a watch (for private banks). Global cues may be mixed. Crude may show rise, currency is in control in comparison to the last week.

Lord of horoscope is falling in the previous house, which may indicate that due to some or other news from the government may indicate negative emotions on the market or segments.

This may give pressure on the upper levels of the previous rise. Precautionary movements are also possible. Corona cases are rising along with OMICRON.

Nifty may show some trimming on upper levels. But sudden moves are also possible. Night curfews in many towns or states and announcement of restrictions for Cinema halls etc. may give impact on many in industries. Keep a watch on Logistics and related areas like automobile tyres, and batteries etc.

Mid-caps with small Caps may remain interesting with IT, communication, e-commerce, banks, tea, coffee, space, defence, electronic devices, Pharmaceuticals, Pathology laboratories, healthcare, textiles, power, infrastructure, chemicals and metals, alcohol, spirit and many more may remain active.

Profit booking on upper levels possible. Nifty may show pressure. Keep a watch on Mid-Caps, small caps etc.

Indian Currency

Indian Rupee may trade in between 74.20 to 75.00 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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