Daily Forecast – Share Market – December 22nd, 2022

Nifty may remain positive | Protect funds | Sell on rise/Buy on dips

Venus is leading the day, well supported by Moon, Mars (Rx), Rahu/Ketu, Saturn, Mercury and Venus. Lord of Banks is giving strength to its own house from gains/loss (if’s and but’s). Chances of better movements in the market during the day, reason is better indications from the global market, but this may be not confident.

Today is weekly expiry, second last weekly expiry of 2022.

Our market is like not so strong. COVID is again warning us. It will be better to protect funds and use as and when required. Ukraine – Russia issues are now further deep, reason – US gave financial support and other supports to Ukraine.

This is also fact that Saturn is on the edge to change its position and is moving faster than its normal speed. So, situation may be changing with little bit fast pace in comparison to the normal movements

Banks and financial institutions may be deceptive, it will be better to be watchful for the period. Enter in dip and exit on rise will be better for short term.

Many areas may remain active and which may give positive movements to the market in Midcaps, small-caps and indices. Oil exploration may remain better, electronics and electricals, chemicals, power, leaf based segments like Tea etc., keep a watch on IT, communication, automobile tyres, automobile and many more in all the segments. Be watchful in insurance and related areas. Pathology laboratory with research etc. in coming period may remain interesting.

Indian Currency

Indian Rupee may trade in between 82.30 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.