Nifty Prediction : Stock based trading still reliable | Market may show Volatility

Daily Forecast – Share Market – December 30th, 2021

Stock based trading still reliable | Market may show Volatility

Sun with Saturn, Jupiter, falling retrograde Venus, Mercury, Mars and Moon. Moon is forming good relationship with Mercury (which is weak) and Saturn. Indications are little bit supportive and foreign cues are influenced with OMICRON and COVID cases in Europe, including UK where ICU cases are rising. In India – cases are rising with fast pace. It will be better to take necessary precautions.

Today’s point is – will Nifty touch 17300? Today is weekly and monthly expiry day + last expiry of 2021. Bank index may not be supportive. Crude is rising, which is not good for the economical movements

Cues from foreign market are mixed. Trade with care. FIIs may remain deceptive, be careful. Banks are not in strong mood. So, it will be better to trade with watchful skills.

I agree that period for healthcare, health insurance, fertilizer and leather etc. may remain better with small and midcaps, etc.

Keep a watch on logistics, IT, communication, power, HCV, LCV, leather, textiles, power, metal, defence, engineering, leaf based, chemicals, financial institutions, banks, Iron ore, other ores also, web based entertainment, e-commerce, health insurance, healthcare, pharmaceuticals, organic chemicals, space and radar, automobile ancillary, automobile tyres, agriculture related segments etc. may remain active along with others.

Possibility of volatility can not be ignored. Nifty may trade in between 17175 – 17300.

Indian Currency

Indian Rupee may trade in between 74.00 to 74.80 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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