Daily Forecast – Share Market – December 12th, 2022

Nifty may test 18400 | Wait and watch – move

Venus with Saturn leads the day, well supported by Moon, Mars (Retrograde), Rahu, Ketu, and Mercury. Indications from foreign lands may be bit tricky. Local issues are also looking for some news and indications. Possibility of little bit pressure or ups and downs are also possible during the day. Nifty may breach some levels in coming period.

Banks may remain comfortable with petroleum marketing companies, possibility of communication due to news etc.

I feel that according to the China’s horoscope their working period will improve after February 2023. Which means consumption theory in China may improve, possibly may affect exports of Indian market.

Rahu/Ketu may give volatility during the day, because news from Indian agencies may try to pull up, but sentiments may not be so strong for the day due to news from other areas of the earth.

Segments like banks, textiles, FMCG, fashion, healthcare (may have some pressure), metals (gold and metals), power, automobile, automobile tyres (because of crude oil prices), defence, entertainment, IT, travel and tours and engineering with many more may show movements.

Market may show poor sentiments. Nifty may test (-) 100 points or so.

Indian Currency

Indian Rupee may trade in between 81.80 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.