Nifty Prediction : Nifty may show upside moves | Trade with strict stop-loss (Either side)

Daily Forecast – Share Market – December 27th, 2022

Nifty may show upside moves | Trade with strict stop-loss (Either side)

Sun with Mars leads the day, well supported by Moon, Rahu, Ketu, Saturn and Venus. Indications from foreign nations may be little bit positive, but it will be better to be watchful for the coming period. Even then tension for China and Taiwan, Russia and Ukraine (Geo-political issues) may remain cause of concern.

Despite of COVID threats in China, US and UK, we may see some recovery due to Sun, and other planetary position. But remember, lord of foreign lands is retrograde, so issues may remain wobbling, ready to reverse or deceptive at times. It will be better to guard funds and trade only with stop-loss on either side (which may give support).

Lithium or better to say that due to renewable energy and in current term – green energy related new or companies may give positive movements and future will be decent for such companies (but back bone of management and company will be important of the company for investment purpose).

Crude may show movements on the upper side – in simple term – may show rise in rates, due to various reasons or because of cuts or any other reason.

Areas like automobile, green energy, lithium based batteries, EVs, oil exploration related companies, dairy products, leaf based segments, power, infrastructure, automobile tyres (may be affected due to rising crude oil), pharmaceuticals (because of alert of COVID), textiles, leather, chemicals, other international news, FIIs and DIIs with banks and other financial institutions with many more various segments may show movements may be slow or bit fast.

It will be better to trade with guards Properly. I mean trade with stop-loss, despite of continued recovery from previous working day. INR may show weakness against USD, show inching towards 83 against USD.

Indian Currency

Indian Rupee may trade in between 82.20 to 83.10 per USD.

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

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