Daily Forecast – Share Market – December 28th, 2022

Shy opening possible | Action in all segments | Tricky day

Moon with Venus leads the day, well supported by Moon, Mars, Rahu, Ketu, and Saturn. Indications are clear that foreign cues may be affective on the second last day of monthly expiry. We are also inching towards 2023, and market is not fully confident. Even then with slow moves possibly initial shyness and little bit trimming on upper levels.

After 12:58 Hrs (IST), local issues and news will be important for the market, which may be deciding movements in the market. Possibly little bit of pull – back from the lower levels may be seen. But will this be stable – will be a question mark.

Areas for concern in 2023, health concerns, Jobs, inflation and other economic aspects etc.

I believe market may test 18000 once again and show some recovery from lower levels. Before sailing in – wait and watch, test according to your own ways then move.

Business of Technologies under pressure. This is India’s main bread and butter. Pressure on Job may be seen from this segment in coming period. Unemployment may affect consumption in the market. Hurting sentiments of productions.

Sugar, textiles, sugar, engineering, electricals and electronics, keep a watch on IT, leaf based segments, power, media, FMCG, infrastructure, communication, and many more segments may remain active, hence many segments may show movements on either side. Keep a watch on Banks – testing.

Nifty may be bit shy during the day. Impact of local issues may be seen around or after 12:58 Hrs (IST). Protection of funds at times are like profits.

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.