Daily Forecast – Share Market – December 6th, 2023

Nifty may look 21000 | Profit booking/consolidation on upper levels

Mercury, Rahu with Ketu are leading the day, well supported by Mars, Saturn and Sun. Importantly, Moon is forming decent relationships with Mercury, Mars, Sun, Saturn, Venus and retrograde Jupiter. That means Moon will also be active. Movements in the market for the upper side can be seen once again, which may again indicate – 21000 is not away for Nifty. Possibly Nifty may try to look for 21000.

It will be better again to go for 100-150 points for nifty. Major segments may once again show movements after previous day’s consolidation.

Currency may further lose base in coming period and look for 83.50 against USD. Crude may again look under control – say in between 75-80 USD. Market may feel bit relief, but why these rates are under check – possibly, fear of poor demand. Russia and Ukraine war will be completing 2 years in the months to come. Israel and Hamas war is still on. No solution is indicated as on date. But market has digested these disputes.

Almost all the areas may remain active. Possibly some consolidation on upper levels may be seen during the day or days to come. Guard your profits nicely.

Segments like Petroleum marketing companies, infrastructure, cement, reality and related segments, power, IT (selected), aviation defence related manufacturing, defence related, metals, watch gold, textiles, leather, paper, electrical and electronics, engineering, metals and alloys, fashion, fast food, delivery chain, logistics, automobile tyres, automobile and many more may remain active.

Watch Midcaps and small caps and avail advantage if any.

Nifty may look for 21000. Positive emotions.Consolidation/Profit bookings on upper levels will not be a surprise.

Indian Currency

Indian Rupee may trade in between 82.60 to 83.50 per USD.

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