Daily Forecast – Share Market – December 9th, 2022

Market moves with Positive sentiments | Banks and IT Important

Ketu with Mars is leading the day, well supported by Moon, Rahu, Saturn, Mercury and Venus. Importantly, Lord of banks and lagna lord of India’s horoscope is forming decent relationship with Moon. Indications are that banks and IT, with others news or data of India may give some better support to the market.

Rahu and Ketu are active, although, Ketu indicates that market may hold the levels or may try to pull up with support of emotions, sentiments etc. Technical companies may also be forming some base. I agree that due to retrograde lord of foreign lands, foreign cues may be showing ups and down. Due to last day of weekend, market may show changes in the later part of last hours of the market.

Market is positively trying to hold its levels. Banks are also positive. It was already mentioned in my earlier posts of the week that Banks and financial institutions will be well supported by its lord. Also keep a watch on payment wallet related segments (news based movements possible).

For the time being China may show some cause of concern in the area of mobility – that means automobile and others, which may give worries to the world.

Consumer, animal husbandry related segments may also be active for the period.

Areas like IT, communication, e-payment system, power, automobile, oil marketing, petroleum based segments, rubber, automobile tyres, travels and tourism, many-many segments will be showing their movements. E-entertainment with entertainment, communication instruments, textiles, leather, defence, electronics related defence and chips + other traditional segments may also show movements.

Market seems due to planetary and other situations positive. Keep a watch in the last hour of the day. Nifty may try to look for 18700 or its levels, with support of auto, banks and IT etc.

Indian Currency

Indian Rupee may trade in between 81.70 to 82.60 per USD.

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