Daily Forecast – Share Market – December 16th, 2022

Global fear ahead affecting market | Consumption is weak with Inflation

May market show drop in coming period and test 18150 of Nifty?

Venus with Sun, Moon, Mars (Rx), Rahu, Saturn and Mercury are controlling the day. Importantly, Global issues and disturbances are alarming. This includes Ukraine/Russia disturbance and funding or support from global players silently or openly. Secondly, this has not only affected their economy, but also increased the food crises, energy crises etc.

COVID was followed by Ukraine Russia issues has spoiled the economy of many or maximum nations. Unemployment, demand/consumption crises, inflation have not only affected production or modern term – output of companies/manufacturing segment etc.

Now point is – will Nifty 18150 levels, in coming period?

Banks are supportive, but with a wave like situation. Sun is also moving in Sagittarius sign, and Kharmas (month) is starting. Next month Saturn will be moving in Aquarius sign, so Shani Dev may give his Nyay for us. It will depend on our (public of entire earth) past karmas etc.

All most all the segments may remain active, road and track related segments, chemicals, banks, defence, power, chemicals, textiles, sugar, alcohol, and by products of sugar etc. rubber, aviation and many more may remain active on either side.

Nifty may show some pressure or but recovery from lower levels possible. Currency is heading towards 83 against USD.

Indian Currency

Indian Rupee may trade in between 82.20 to 83.00 per USD.

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