Daily Forecast – Share Market – December 29th, 2022

SAKUCHAI SI Opening | Nifty may test 18050 | Watch Bank and FIs

Today is monthly expiry. We can say that last expiry of 2022.

Sun is leading the day, well supported by Moon, Mars (Retrograde), Rahu, Ketu, Jupiter, Saturn and Venus. Importantly, lord of share market and banks is ready to transit retrograde, moving with slowest speed. Indicating that market may be again slow in movements. I agree that almost all the planets are active except Mercury, but this lord is indirectly active. That means entire horoscope is active.

Foreign cues may not be strong for the support, but local issues may be better, but lord of the banks will be giving slow or shy effects on the market.

Trimming on upper levels will be possible. Even today market was shy due to slow speed of the lord of the share market, which has moved in Capricorn sign. Guard your funds. Because important level of the market will be of last working day of the year and of last hour. This should be noted down and will be seen back on or before 19-01-2023.

Market may again try to test 18050 (Nifty value).

Action in all the segments will be seen. Importance of Automobile, defence, IT, automobile ancillaries, automobile tyres and batteries, Lithium related segments, communication instruments, alcohol, sugar, leather, chemicals, Pathology laboratories, travel related segments including travel materials, leaf based, dairy and many more may remain active on either side.

Nifty may remain in range. If bases are breached, then levels may further threat the market or indicates fear of economy weakness. Crude oil may remain above 82-83 USD.

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.