Nifty Prediction : Nifty may clime towards 21850 | Show indications for 22000 in 2024

Daily Forecast – Share Market – December 29th, 2023 Nifty may clime towards 21850 | Show indications for 22000 in 2024 Wishing you happy last working day of 2023 Ketu, Mercury with Saturn are leading the day, well supported by Mars and Rahu. Indications are clear that market is still looking again positive and may show indications for the levels close to 22000 of Nifty. Now point is that before entering in 22000 of Nifty, will market show some profit booking or may enter directly? I feel for a while Nifty may knock the door of 22000 in 2024. Now we are entering in election second last quarter or last quarter (for India) and election year in US. That means 2024 may be showing some ups and downs. US market may show rate cuts for Interest. Profit bookings on upper levels will not be a surprise. For India, we must be watchful with our steps while giving extra-ordinary financial support for election purpose, otherwise steep rise in debts may increase. Good financial planning for supporting the weaker section. Dips Nifty for 19600 may give an opportunity to buy but stop-loss at this level will be better. Banks may not be supportive, so chances may give some profit bookings on upper levels. Lord of foreign cues may give some ups and downs in banks and financial services. Crude oil may show some pressure and may remain within the range of 75-77 […]

Read More →

Nifty Prediction : Nifty may look for 21400 | Mixed day possible | Foreign issues Key

Daily Forecast – Share Market – December 26th, 2023 Nifty may look for 21400 | Mixed day possible | Foreign issues Key Last week of 2023 Ketu, Mars with Mercury (retrograde) are leading the day, well supported by Jupiter and Rahu. Eight planets are active, and two important planets Jupiter and Mercury are transiting retrograde. Even then, market may show some positive sign and look forward for 21400 of Nifty levels. Ketu is very strong and supportive, so may give positive touch to the market. Lord of foreign lands is with the lord of lagna of India’s horoscope, both are well charged. This lord of foreign lands may be giving impact on India. So, it will be better to keep a watch on foreign news, trades and others. Stop-loss will be important. Market may show sudden changes also. So, it will be better to take proper guards for the same, because lord of banks and share market has come on the other side of Sun with Ulti chaal (retrograde). So, chances of Mixed day is possible in general. Crude may remain around 80 USD, whereas INR is holding its levels above 83 against USD. Midcaps and small caps may remain interesting. Keep a watch on avail advantage on either side. Areas like power, Banks, IT, communications, logistics, power, travels and tourism, pharmaceuticals, alcohol, watch sugar related segments including glycol, spirit, non-traditional segments, Defence, metals, electronics and electricals with health-care and […]

Read More →