Daily Forecast – Share Market – December 13th, 2022

Trade with positive emotions but with care/precautions

Mercury with Venus leads the day, well supported by Moon, Mars (Rx), Rahu, Ketu, and Saturn. Jupiter, Moon and Saturn are enjoying strength of their own houses and sign, whereas Mercury is in the house of ups and downs and giving strength to own house of banks and finance. That may the reason that despite of foreign variations, our market is moving with own style and strengths and weakness.

Inflation data might have reduced but when we see our regular market for Food and other purposes, it does not reflect on ground. Manufacturing data is also not increasing as of now. Planetary position is supporting but other factors are not giving proper support.

With support of Jupiter – market is trying to hold its levels, next year and budget onwards – market may be affected due to 2024 General elections and possibly little bit of populist budget or may be based for the elections etc.

Banks and financial institutions may further show some movements or support own house till 27-12-2022. That is why I believe that banks may hold or protect their levels till the period is on. At the same time in my previous posts, I mentioned clearly regarding issues related to neighbouring nations. China has done the attempt around the same date.

Action may be seen in many areas and sentiments will be positive but point of caution is on. It will be better to trade with positive mood – but a touch of caution.

Banks, financial institutions, IT, communication, aviation/travel and tour, logistics, automobile tyres, energy, power, textiles, leather, defence manufacturing, aviation including defence, defence related electronics, alcohol, spirit, communication instruments, alternate energy and many more with all segments may be seen.

Nifty may look for positive touch. But trade with care, precaution.

Indian Currency

Indian Rupee may trade in between 81.60 to 82.50 per USD.

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