Nifty Prediction : Nifty may try for 18800 or so | Banks may be better

Daily Forecast – Share Market – December 5th, 2022

Nifty may try for 18800 or so | Banks may be better

Mercury with Venus is leading the day, well supported by Rahu/Ketu, Moon, Saturn, and Mars (Retrograde). Lord of the bank is giving strength to own house, that means chances for banking sector may be better for the coming 23 days. Reason is lord will try to protect own house and support under odds. Unless any big issue happens, this lord will be able to save the banking segments or better to say, may hold the levels.

Big issue means any major foreign jerk or any other local issue like change in any state for the position (expected). Rahu-Ketu combination is also active, which may give sudden changes or change of trend at any stage.

Market may show buying from lower levels, with chances of trimming from upper levels. Nifty may recover from lower levels of previous working day. But remember Nifty has breached some levels. Before going for new levels, wait for early moments of the market – possibly for half an hour. If market holds the levels, then plan for better levels.

Banks and financial segments may remain supportive for next 23 days.

Areas like cargo, automobile, IT, banks and financial institutions, fashion, entertainment, alcohol, communication, automobile tyres, oil marketing companies, chemicals, tea, coffee, healthcare, power, textiles, cotton, silk, electronics and electricals and many more segments may remain active.

Nifty may try for recovery from previous levels, I am hopeful for banks and financial institutions.

Indian Currency

Indian Rupee may trade in between 81.20 to 82.00 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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