Daily Forecast – Share Market – December 15th, 2022

Global cues confusing | Profit booking not surprising | Buy on dips (if deep)

Venus leads the day, well supported by Moon, Mars, Rahu, Saturn, Mercury and Ketu. Importantly today is weekly expiry, whereas Federal Rates have increased in seventh regular time. Global market may remain confused. This may affect emerging market in coming period. Also, chances of unemployment is alarming (ours and globally).

Indian market may react to own sentiments, because of lagna lord is strong for the day. I agree that impact of foreign cues may hurt sentiments of our market or may confuse, but still with volatility or buying from lower may give strength to the market, but some trimming from upper will not be surprising.

Uncertainty from various central banks. If market stays above the previous levels, then market may give better day. But if market dips then wait for proper dip. Profit bookings possible at (-50) points of nifty. Even then Banks are supportive, with oil exploration, communication etc.

Banks, automobile, communication, travels and tours, aviation, oil exploration market, railways, alcohol, communication instrument, electronics, electrical, textiles, leather, chemicals, and almost all the segments may show movements which may affect Small caps and midcaps also on either side also.

Trade with guards, book profits as and when required. Even then our market seems bit better.

Indian Currency

Indian Rupee may trade in between 82.00 to 82.80 per USD.

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