Nifty Prediction : Nifty may within Range | Cues from RBI, state elections & abroad imp.

Daily Forecast – Share Market – December 7th, 2022

Nifty may within Range | Cues from RBI, state elections & abroad imp.

Wait n watch for at least first two hours of opening

Ketu with Moon is leading the day, well supported by Sun, Mars, Rahu, Saturn, Mercury, and Venus.

Venus and Ketu are indicating that depth of the market is still waiting for the signals from government agencies. Results of the state elections may be influencing along with the RBI’s credit policy.

Global cues are not supportive system. USD is regaining its strength. Global data will also be influencing coming period. It will be better to trade or invest with care. I am sure banks lord will try to protect on levels.

Nifty may be in the range of 18500 to 18750. Or better to say that in the range of +/-100 points from the previous working day. Even then trade with care, set your direction after 10:40 Hrs (IST).

It’s a time to wait and watch for the direction from local and foreign cues. Time to watch with FIIs and DIIs movements. Global economy may again affect Indian market also. Indian may face populist budget in coming period from various states, considering 2024 election year. These issues are indicated in coming planetary position. I wish, budget must be professional in all the states.

All the areas may remain active, because entire planetary position is active except Jupiter like previous working day. Keep a watch on Infrastructure, banks and financial institutions, energy, IT, communication, dairy products, leaf-based segments, chemicals, metals, oil, currency, defence, small scale banks, health-care, sugar, textiles, leather, fashion, gold and many more areas needs focus for either of the direction.

Stop-loss is essential, currency is once again weak, Market is swinging. Wait at least for first one and half hour or for two hours then trade or buy.

Indian Currency

Indian Rupee may trade in between 81.50 to 82.40 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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